Disposable income is at a premium these days, with more than a third of Brits admitting that they are unable to build up a nest egg and would be unable to cope if there was an emergency.
Figures from NS&I's Savings Survey show that on average Britons are putting aside 8 percent of their income – that's £100 each month – with men more successful than women at saving.
It showed that of those who save regularly, only a quarter have set themselves a goal, with the majority prioritising saving up for a holiday.
The good news is that 16-24 year olds seem to be the ones most committed to saving money. Two fifths claim to have savings goals, and almost half of 16-24 year olds say that they are likely to save in the coming months, comapred with only 14 percent of 35-44 year olds.