NerdWallet's Smart Money Podcast
Regret Less, Save More: How to Make Smarter Money Moves in 2025
02 Jan 2025
Learn how to tackle financial regrets, set achievable money goals, and make 2025 your best year financially. How can you avoid repeating your biggest financial regrets this year? What are simple steps to improve your savings and spending habits? Hosts Sean Pyles and Sara Rathner discuss financial regrets and practical resolutions to help you take control of your money in 2025, beginning with a discussion of top financial regrets from 2024. Then, Sara talks to NerdWallet Senior Economist Elizabeth Renter about strategies for creating achievable money goals and overcoming common financial missteps. They share tips for mindful spending, setting boundaries for entertainment and dining budgets, and building habits that improve your credit score. Use NerdWallet’s free savings calculator to understand how your money can grow over time: https://www.nerdwallet.com/calculator/savings-calculator In their conversation, the Nerds discuss: financial regrets, how to avoid financial regrets, money goals for 2025, saving tips, budgeting tips, how to budget better, spending habits, improving credit score, automating savings, financial goals, dining out budget, entertainment budget, setting financial boundaries, avoiding overspending, saving for emergencies, saving for financial goals, improving credit utilization, tracking expenses, mindful spending, managing credit cards, financial planning, New Year’s money resolutions, saving on groceries, setting savings goals, avoiding debt, credit score improvement tips, staying out of debt, financial resolutions, credit card tips, spending wisely, financial health, financial planning tips, creating a budget, setting money goals, saving money consistently, and staying financially healthy. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
It's a new year. We've left 2024 behind. All there is now is to look forward, right? Well, yes, but it's also a good time to reflect on what could have gone better in our financial lives last year and what we can learn from our regrets.
There's always room for improvement, especially when it comes to savings. You can always save more. The top-sided regrets involved saving in 2024, or the lack thereof. 29% of Americans regretted not saving for emergencies, and 27% regretted not saving for financial goals last year.
Welcome to NerdWallet's Smart Money Podcast. I'm Sean Piles. And I'm Sarah Raffner. And Sarah, before we get to anything else, happy new year.
And a very happy new year to you too, Sean. So did you all blank sign your way into January?
I'm not even sure what that means, Sarah.
Me neither. But I remember that line from When Harry Met Sally, though. Millennials, you know what I'm talking about. Older than that, you know what I'm talking about. Gen Z, When Harry Met Sally is a great movie and you should watch it. Anyway, you know at the end, they're at a New Year's Eve party and she says that she thinks that song is about old friends. So I'll buy that.
I'll buy that too, even though I have not seen that movie. I'm such a young millennial over here.
What? So now you have a goal for 2025 watching that movie.
I'll add it to my list, which is already very long. All right. Anyway, Sarah, do you have any big money goals for the year?
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