Women are more inclined to save money this year, according to new research.
By way of contrast, an increasing amount of men are looking to spend rather than save their income.
Data from a recently-published Legal & General study revealed that the amount of women "in the mood" for saving has increased from 59 per cent to 63 per cent over the last 12 months.
At the same time the amount of men looking to set money aside reduced from 59 per cent to 58 per cent.
According to the research, saving for a "rainy day" is the most popular reason for putting money aside, with 70 per cent of respondents citing this as their main reason.
Paying for a holiday (58 per cent), paying household bills (48 per cent) and buying a new car (18 per cent), were also popular reasons to save.
Claire Evans, Legal & General unit trust’s marketing director, said: "Investing for a rainy day has never been more important than now.
"The roll out of the increase in ISA allowances across all ages from April means that we can now save up to £10,200 per year in a stocks and shares ISA, which could mean that by putting money in an ISA, it will now be able to cover a wide range of savings needs."
Another way for homeowners to raise funds is through the use of an equity release scheme which will allow them to access some of the capital held in their property.
