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Dealing with money regrets & money mistakes

Carrie Bach
7 min readMay 3, 2022

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Photo by Sarah Kilian on Unsplash

Money mistakes and money regrets. If you’re anything like me (for really, if you’re just human), you probably have a long laundry list of things you wish you’d done or not done with your money.

I’ve been thinking a lot recently about how we can mentally process these money regrets. It’s important to do so, because when we live in the past, telling ourselves that we should have done this or should have done that, it’s all too easy to paralyze ourselves from moving forward into the future.

So here are the ways I actively trying to move on from the mistakes I’ve made with money over the years.

Give yourself grace

In my experience, a fair number of our regrets about money come from simply not knowing any better. We get our first job before we’ve even been exposed to the idea of saving for retirement. We take out student loans without being fully aware of how that will impact us in the future. And we make major life decisions without a crystal ball.

Sometimes it’s a simple matter of “no one taught me that.”

It’s important to keep in mind that no one was born being good with money. No one was born knowing how to invest. And no one was born knowing how to budget.

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Carrie Bach
Carrie Bach

Written by Carrie Bach

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