Consumers who have difficulty in saving have been advised to "really sit down and look at their income and their outgoings" and to examine their expenditure more closely.
Anna Sofat, director of ADDIDI Wealth, a wealth management service for women, said that people needed to address things that they had not paid attention to before.
She underlined the importance of long-term savings, noting that they provided for a person's retirement.
In offering advice to consumers, Ms Sofat said: "I would say to really sit down and look at their income and their outgoings and pay attention to all the little things that in the past [they] wouldn't have paid attention to.
"What I would say is don't skip on long-term savings, they're for your retirement. Don't cut it back lightly because it's very difficult to take up savings again and get onto that ladder."
According to a recent survey conducted by Sainsbury's Bank, 37 per cent of UK consumers maintain that they are unable to afford to save anything at all.
