AMP Bank data showed that almost one in five educators have no savings, with mortgage repayments, bills and groceries the main factors preventing people from saving.

However, local financial adviser Julian McLaren said this issue is not exclusive to workers in the education industry.

"The issue at the moment is that people are struggling with the cost of living, which is largely due to policies by the government that is forcing the cost of living to go up, particularly energy costs," Mr McLaren said.

"I think when people do have extra money, they're repaying debt but having extra room in your home-loan and extra payments off your home-loan is a form of saving.

"It absolutely is housing affordability and the average wage in Wagga is lower than Sydney, so there is equivalent ability to save however the issue here is that there is less competition with energy prices.

"We only have one option for gas and the prices are going up as the government is not allowing more companies to explore other gas options in the region so a shortage of gas means prices go up," he said.

Mr McLaren said he is concerned people do not have savings and more young people should spend their money on investing as opposed to traveling.

"Superannuation is compulsory saving and most people are automatically banking 9.5 per cent of their salary, if not more," he said.

"Younger people certainly are not investing and they should be saving on a home, but all too often they are saving to go overseas.

"Instead they should be focusing on a home and saving for a deposit and it's important to do that because banks look at the savings history before they lend money."

Wagga resident and real estate agent Brandon Sanbrook chose to enter the property market at the age of 22.

"It's just always been my best interest to benefit my future self and it's in line with my work," he said.

"I bought a unit in Kooringal; it's a fairly sought after location and with the uni, if I move on I can keep at as an investment property."

Mr Sanbrook said he was able to save money quickly without having to pay rent.

"Ever since I left school I've been working, so for about four years, and my parents did not make me pay board so it goes a long way," he said.

"I always intended on buying my home and not renting and a lot of people do go and travel but I tried to cap on unnecessary spending, like going out to eat and drink because even minor things all add up.

"I was quite vigilant with what I was spending."

As an agent with John Mooney real estate, Mr Sanbrook said a lot of people have started thinking about their future.

"Young people are buying homes and they are becoming more smart with their money," he said.

"There's been a lot of media coverage involving real estate in different areas and about investing for the future and a home is one of the biggest assets."

Similarly, 23-year-old local Brendan Byrnes entered the property market last year after purchasing a three-bedroom home.

"I bought a three-bedroom house at 22 years old because I no longer wanted to pay money renting," he said.

"I decided to put my money into paying off a home in order to be better off in the long run."

Mr McLaren offered his top saving tips and said the most important advice he could give was creating a budget and sticking to it.

"Today it is so easy to spend money, either online or hitting PayWave so we have to be extra disciplined when going out or online," he said.

"We can't get sucked into compulsory buying; society today wants it all, now.

"So we need to work a bit harder at discipline."