Over half of Britons feel better if they know they are saving money.
New research from NS&I highlights the mental health benefits associated with setting cash aside every month.
Indeed, 30 per cent of people thought their mood would be improved if they saved an additional £50 a month, while 12 per cent would only need to bank an extra £30 to feel better.
John Prout, NS&I Retail Customer Director, said: "Whether it's taking advantage of discounted items, buying items on offer … or using online money management tools, millions of Britons are planning their finances in advance and feeling happier as a result."
He added by introducing a number of small lifestyle changes, people will be able to make a big difference to the amount of money they have saved.
In an effort to boost their savings, 41 per cent collect loose change, 35 per cent put a portion of their wages in a savings account every month and 20 per cent grow their own vegetables.