Brits have named ‘not saving enough’ as their biggest financial regret of 2011.
The claim is being made by savings provider First Direct, which carried out a survey of people’s financial regrets from the past 12 months. The survey found that more than half (52 per cent) of people questioned said that failing to put enough away in savings was their biggest regret, followed by failing to pay off enough debt, which 33 per cent of folks identified as their main regret.
The other regret to make the top three was ‘not paying into a pension’, which 13 per cent cited as their biggest regret from last year. Five per cent said they wished they had not invested money in stocks and shares, while three per cent wished they had.
More personal regrets included borrowing money from friends and family, paying for expensive holidays they couldn’t really afford and sending too much on a partner.
First Direct’s Bruno Genovese, said: "Ensuring that you plan your long term spending is extremely important as good organisation can help you pay off debts more quickly, increasing disposable income for saving and allowing your money to work for you more effectively."
