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Property is the most popular goal for people who are actively saving money, according to new research.
A survey by ASIC's MoneySmart website found that 48 per cent of respondents who said they were saving were planning to buy or renovate a home.
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Another 47 per cent said they were saving for a holiday, 47 per cent also said they were saving for the future, 33 per cent nominated an emergency and 13 per cent chose a car.
The most popular savings technique is for people to calculate how much is needed, with 78 per cent selecting this option.
The survey also found that 75 per cent have a clear savings plan, 73 per cent regularly review progress towards their goal, 72 per cent have a specific saving timeframe and 43 per cent tell family and friends.
Men and women approach saving differently, according to the survey, with women more likely to save for more than one thing at a time.
Women are also more likely to save small amounts regularly to reach their target, while men are more likely to save as quickly as possible.
ASIC's MoneySmart website provides free and impartial information about personal finance to help Australians make informed financial decisions.
[Related: Financial literacy has ‘never been more important]
