NerdWallet's Smart Money Podcast
Regret Less, Save More: How to Make Smarter Money Moves in 2025
Jan 2, 2025
In this engaging discussion, Elizabeth Renter, a Senior Economist at NerdWallet, shares her insights on avoiding financial regrets and making the most out of 2025. She emphasizes the importance of setting realistic money goals and offers practical advice for mindful spending and budgeting. Key strategies include automating savings, building healthy credit habits, and creating flexible financial plans. Listeners learn how to reflect on past decisions to improve future financial health and set boundaries that lead to smarter money moves.
24:16
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Quick takeaways
- Many Americans regret not saving for emergencies and overspending on entertainment, indicating a need for better financial management strategies.
- Setting achievable money goals and automating savings can significantly improve financial habits and help avoid past mistakes in 2025.
Deep dives
Financial Regrets of 2024
Many Americans reflect on their financial regrets from the previous year, with a significant portion admitting they wish they had saved more. A survey revealed that 69% of Americans experienced money-related regrets, with younger generations, especially Gen Z, showing the highest levels of regret at 89%. Common regrets include not saving for emergencies, as 29% felt unprepared for unexpected expenses, while 27% regretted compromising on saving for long-term financial goals. Overspending was also a concern, with one-fourth of individuals regretting excessive spending on entertainment and travel.
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