Around seven in ten full-time workers from across the UK have at least a quarter of their monthly income left over for discretionary spending every month.
That's according to Lloyds Bank, which took the average UK gross full-time salary of £33,511 and found that more than three quarters of people had at least £500 to spare each month.
The news comes as a boost to UK account holders, with the average monthly salary, after tax and national insurance, has risen from £2,048 in 2011 to £2,154 in 2014.
The bank argues that people therefore have more options than ever before about whether they would like to spend their money or save it.
The saving habit appears to come easier to many Brits, with around 68 per cent claiming they would put away any extra cash, a substantial rise from the 52 per cent recorded in November 2011.
Spare cash for some people goes even further, with three in ten survey respondents claiming to have at least half their monthly income left over after clearing household bills and essential items, while that amount increased to three quarters for one in ten respondents.
According to Lloyds, the findings of the survey serve as proof that the UK is feeling increasingly positive about the future of discretionary spending.
A greater number of people believe they will have more money to spend in the future, rising from -13 per cent in September 2011 to +5 per cent in September 2014.
That theme continues in terms of how people view savings, with an increase in the number of people claiming they will save more than less.
Philip Robinson, Lloyds Bank Savings director, said: “With many people in the UK thinking that they will have more spare cash in the future, it’s worth considering how to make it work harder for you. Putting funds in a higher interest current or savings account could pay dividends and help set you up for the future.”
However, there could also be a number of people who may struggle to save their money, with impulse buying found to be a popular trend among many Brits.
Research conducted on behalf of thinkmoney.co.uk by OnePoll found that one in seven (14 per cent) of respondents said they would be tempted into spending as much as £100 on impulse purchases, which cover any item that people hadn't planned on buying before seeing it.
Another 30 per cent of people said they would spend more than £50 on impromptu purchases, although 16 per cent said they would not go over the threshold of £10. However, the same amount said they would think about going all the way up to £20.
The top impulse purchase was clothes, with 29 per cent stating they would part with their hard-earned cash for the sake of a fashionable whim.