Teachers have the savings habit

This is according to new research by the Co-operative Bank which surveyed 25 professions.

Those working in education save on average £2,125 each year, higher than those working in finance (£1,999) and over four times the amount saved by those in artistic and sport related jobs (£494).

The research also highlights which professions have had to significantly adjust their lifestyles due to the current economic pressures, with those working in entertainment (86%) and design (83%) taking the biggest hit.

Zack Hocking, head of savings at the Co-operative Bank, said: "Keeping a small portion of your wages aside each month can help to reduce the effect these difficult financial times are having.

“By keeping track of your outgoings you may be able to make a few minor cutbacks which can add up to a surprisingly large saving.”