How can we interpret the admission regarding money wasted?

The chosen answer is correct because it accurately captures the essence of the statement regarding the admission of money wasted. When someone admits to financial missteps, it indicates a level of self-awareness and responsibility for their previous choices related to spending. This interpretation emphasizes the acknowledgment of mistakes, which is a crucial aspect of reflecting on one's financial behavior.

Unlike the other options, this interpretation does not make unfounded assumptions about the individual's future spending behavior or intent to change. It remains focused on the admission itself and provides an accurate account of the person's recognition of past errors without implying broader implications about their financial management skills or tendencies.