'Not paying off debt' is biggest regret

MORE than half of Britons say their biggest financial regret is not paying off more of their debts during 2010, according to a survey out today.

Not saving enough for their retirement was the biggest concern for about 37 per cent of respondents to a study conducted by First Direct, HSBC's online bank.

Some 18 per cent thought they had spent too much in the run-up to Christmas, with 14 per cent saying they spent too much on their partner and 12 per cent believing they had splashed out more than they should have on holidays.

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Richard Brown, senior savings product manager at First Direct, warned: "Ensuring that you plan ahead with your finances is extremely important and starting to save for retirement as early as possible allows a better standard of living later on. The new year is the ideal time to reflect on your financial habits."