February 22, 2024: Nearly half of Brits admit to having financial regrets – and among those who do, wishing they had prioritised saving more when they were younger tops the list for 4 in 10.

A study of 4,000 adults also found that a third wish they had started saving for a comfortable retirement earlier in life. This figure rises to more than half among people aged 55+.

28% revealed they most regret not educating themselves more about money over the years. 

Whereas 27% bemoan not planning their future finances more – and focusing so much on their short-term needs and wants.

One in four say that not investing money was an error of judgment and 23% would like a redo on periods of their lives when they lived beyond their means. 

41% believe they are not yet financially comfortable as a result of these money missteps, and 37% have missed out on opportunities to grow their money and build wealth.

However, for 27%, their financial regrets have negatively affected their mental health. 

Brian Byrnes, head of personal finance at saving and investing app Moneybox, said: “The fact that most people never received any financial education and have been left to figure out how to manage their money and plan for the future through trial and error, is just not right.

“And with this in mind, it’s no surprise that so many of us only realise our missed opportunities after the fact. 

“Whatever financial missteps you might have taken, this research shows you’re probably not alone in having made them. It’s important to look at these realisations as lessons and a wake-up call. Try to remember it is always possible to improve your financial situation with the right guidance and support.” 

53% put their past financial faux pas down to simply being young at the time and not considering their future properly. 

However, the research conducted by OnePoll also found that 34% feel their issues arose simply because they never received financial education.

A similar number (32%) said they just didn’t have a good understanding of how to manage finances or improve their financial situation.

25% believe a lack of financial confidence resulted in them making decisions they now regret. 

And, 20% feel they would have been better off if they knew who to ask for better advice or guidance.

Brian Byrnes from Moneybox added: “The financial services industry has evolved a lot in recent years and there is now much more information freely available to help people who want to learn how to manage their finances and build wealth for the future. 

“As a former financial adviser, I firmly believe that knowledge is power when it comes to your finances and it’s so important to spend some time every month, getting to grips with your financial situation. 

“The most notable difference between those who are financially confident and those who are not is time spent learning about financial matters so setting aside at least 30 minutes every week, to review your budget or research the best financial products for your needs or make a plan to help you achieve an important financial goal, will make a huge difference to your confidence and your financial position over time.”


  1. Not prioritising saving more when I was younger
  2. Not starting to save for a comfortable retirement earlier in life
  3. Not educating myself more on financial matters
  4. Not taking time to plan for my future finances, only focusing on short-term needs and wants
  5. Not making and sticking to a budget
  6. Not investing
  7. Taking on more debt than I could afford
  8. Lived beyond my means for too long
  9. Not buying a house earlier in life
  10. Burying my head in the sand when it came to my finances


 – ENDS –

Notes to Editors:


Consumer research was conducted by One Poll on behalf of Moneybox from December 29th 2023 to January 9th, 2024. A nationally representative sample of 4,055 adults across the UK participated in the survey.

About Moneybox:

Moneybox is the award-winning app on a mission to help people build wealth with confidence so they can enjoy life, today and tomorrow. Launched in 2016 by co-founders Ben Stanway and Charlie Mortimer, the company has experienced rapid growth, and today has over £6bn in assets and a community of more than 1 million customers. Moneybox provides a range of great value products and services, across saving, investing, home-buying, and retirement as well as helpful tools and educational content, to help people manage and achieve their short, mid, and longer-term financial goals. Moneybox enables customers to set money aside in the way that suits them best using round-ups, regular deposits, or instant payments. In March 2022 Moneybox raised £35m in a Series D funding round, led by Fidelity International Strategic Ventures, existing investors Oxford Capital, CNP, Burda and Breega, plus new investor Polar Capital. This brings total funds raised by the digital wealth manager to £100+ million.