She also urged female consumers to sit down and work out their budget so they have a good idea of how much money they can put to one side while still having a decent disposable income.
"For a young woman I'd say it's quite important to sit down and work out what your actual outgoings are: what you need to have a good time and still plan for the future," she explained.
"Women are earning more they do have, quite often, as much disposable income as men, and sometimes more. So there's no excuse for not saving."
Ms Mealing's comments have come after research by the Fawcett Society found that women are less likely to have savings or pensions in place than men.
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