Research from NAB of 1,017 people found three out of five Australians wish they could save more each month than they currently do.
The research revealed 23% of people also struggle to control spending.
Australians under 30 and the most digitally savvy are the biggest savers but also the biggest discretionary spenders.
Three in five, or 60%, of Australians have a budget of some kind, with almost seven out of 10 reviewing it monthly.
Nine in ten use some sort of tool to manage their finances with internet banking and banking apps the most popular.
NAB Group Executive Personal Banking Rachel Slade said the survey highlighted how Australians wanted more control of their money.
"We know saving and spending New Year's resolutions are popular with our customers and 2022 will be no different as thousands of Aussies think about and plan their goals, hopes and dreams for the year ahead," Ms Slade said.
"For some people, January can be a financial hangover as we get out of holiday mode and assess the full impact of Christmas spending. For others, reviewing their finances is something they do at the start of every year.
The four types of spenders and savers
NAB also revealed the four most common 'money mindsets' for the New Year.
Dollar-stretcherswho watch how they spent every dollar and often struggle to make ends meet in the final days of a pay cycle.
Goal-driven saverswho focus hard on achieving savings goals, but whose habits can change once they reach a milestone.
Impulse spenderswho live for the moment, love having different experiences and don’t like thinking long-term.
Habitual saverswho love saving money and get satisfaction, safety and security from watching it grow.
"Our research and interviews showed money mindsets aren’t income dependant. Instead, they are influenced by major milestones like getting married, having a baby, achieving a financial goal or a change in financial circumstances," Ms Slade said.
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Disclosure
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Savings Accelerator
Special offer: Savings Accelerator (Kick Starter offer).
For a limited time, new ING customers can get a bonus 0.70% p.a. on their savings rate on balances of $150,000 up to $500,000 for the first 4 months. T&Cs apply.
If your balance is over $500,000 (but less than $5 million) you will earn the ongoing variable rate of 4.7%
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Denise Raward
William Jolly
