What's your biggest financial regret?

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Failing to save for retirement has been identified as the biggest money regret for many. But do you agree?

Standard Life has carried out an interesting survey on people's biggest money regrets.

And it's found that the thing we are most likely to regret is not starting saving for retirement earlier. 15% of respondents picked that out as the one thing they wished they could change, and it's one I'd agree with.

When I first started in journalism, my employer had a pretty generous pension scheme. But they didn't sell it very well, and I was too complacent to take advantage. I was in my early 20s, saving for retirement was pretty far down my priority list. And it's a decision that I know I'll regret in my later years.

Our other regrets
Here are the top five financial regrets according to the Standard Life survey:

  • Not saving for retirement earlier (15%)
  • Running up debt on credit and store cards (14%)
  • Not setting or sticking to a budget (10%)
  • Spending too much on nights out and not saving enough in general (9%)
  • Not selling things we no longer needed (5%)

Hindsight is a wonderful thing, but it's fair to say that at some point I've been guilty of all of those. Turning down that free money from my old employer is still the one that bothers me the most, though.

Help avoid financial regrets by downloading this free brochure: 10 costly pension mistakes - and how to avoid them.

What about you? What are your biggest money regrets? Let me know in the comments box below.

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