Regret not saving enough?

Editor's note: This is a transcript of the audio file.

We all have our regrets ... whether it's a hairstyle or tattoo. But what some people regret the most is not saving enough money. I'm Kristin Arnold with your Bankrate.com Personal Finance Minute.

A recent poll by the National Foundation for Credit Counseling found that 53 percent of the respondents regret chronic overspending and not saving enough. Other regrets include not preparing adequately for retirement, buying a house and not buying a house.

Despite the varying regrets ... consumers should not dwell on the past says Gail Cunningham, spokesperson for the NFCC. Instead, consumers should take action now by constructing a plan that includes creating a budget for both long-term and short-term goals, track spending, get financially organized, establish an emergency fund for the unexpected and broadly plan for the future.

Bankrate.com has hundreds of calculators that can help you better manage your money, compare savings accounts, insure your life, retire in style and ... if you want ... find the best mortgage rate so you can purchase that house.

All you have to do is log on to Bankrate.com and click on the calculators tab. I'm Kristin Arnold.