According to the latest figures from National Savings and Investments (NS&I), 70 per cent of British people would like to save more than they do at the moment - and cutting back on nights out and takeaways could be the way to do it.
A feeling that their income only just covered the cost of living was the most significant barrier preventing both men and women from saving more, with 48 per cent of the people surveyed expressing this view.
The survey also indicated that sloppy spending habits could actually be preventing people from saving, however.
The second most significant barrier to saving for both sexes was the fact that people "end up spending all their money", and the fourth barrier for men was being too lazy to save.
By being more organised about spending and cutting back on certain luxuries, British people could stand to save a great deal, the survey suggests - the average person thinks that giving up just one luxury could save them up to £900 a year.
"There are many distractions to stop us from saving more but we need to look at whether our reasons for failing to save are real constraints or stumbling blocks that can easily be overcome," said John Prout, sales director at NS&I.
"By either cutting back on a luxury a month or simply switching savings account to one that better suits your needs, many savers will see these barriers disappear and their savings grow. With new services such as saving by standing order, by phone or online it has never been easier to save."
Twenty-five to 34 year-olds stand to save the most by giving up the odd kebab or boozy night out - they could save an extra £92 a month, or £1,100 a year.To get saving, click here.
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