New research shows that one in five Americans would rate their ability to save money as “fair” or “poor.”

A survey of 2,000 employed men and women looked at the differences in how they save for the future and found that men are more likely than women to rate their money-saving abilities as higher than average (55% vs. 39%).

And, even though their confidence in their saving abilities varies, half also said they would take financial advice equally as seriously coming from a woman as a man.

Generally, people would be motivated to learn about their finances to secure their future (62%), maximize the value of the money they already have (60%) and not have to rely on someone else (54%).

Conducted by OnePoll for BOK Financial, the survey found that the average person started saving money at around 24 years old and learned how to best manage their finances from their parents as children (23%) and putting their skills to the test when they first started living on their own (22%).

And they’d advise others to start even earlier — from the first time they receive an allowance or monetary gifts as a child (32%) and once they have a job that produces income (24%).

However, only 21% of Americans said it’s a high priority for them to save money from each paycheck, with men making this a higher priority (59% vs. 44%).

Consequently, one in 11 respondents don’t feel financially secure for the future. Respondents estimate that 30% of their paycheck goes to bills and other required monthly expenses like rent or car insurance and half said their monthly expenses are even more costly than that (49%).

The average employed person claims to save about a quarter of their paycheck (26%), but more than one-third of respondents admitted they save less than this (36%).

Most Americans hold their savings in a savings account (66%) or checking account (54%), while the least popular options include certificates of deposit (CDs) (38%) or an investment account that holds stocks and bonds (32%).

“Which savings vehicle is right for you depends on your objective,” said Kimberly Bridges, director of financial planning at BOK Financial. “For example, for short-term goals, like putting money away for a down payment, a savings or money-market account might work best. A financial planner can sit down with you and offer suggestions based on your complete financial picture.”

Sixty-three percent of respondents have an “emergency fund” (a reserved amount of money to be used in times when regular income is disrupted or decreased), with men being more likely to have one (69% vs. 57%).

Those with an emergency fund estimate that they have about five months' worth of income there.

In the same vein, half of those surveyed have started saving for retirement (54%) in a company-provided account like a 401(k) or 403(b) (40%). And another 34% utilize an individual retirement account (IRA) to hold their savings.

The average person wants to retire at age 59, but 37% of respondents are aiming for even earlier.