Almost four fifths (78%) of children are saving some or all of their pocket money, our illuminating research has found.
Although the average adult has borrowed £4,221, excluding their mortgage, it appears the younger generation are already learning the lessons of overspending.
It appears our kids really are becoming more prudent than us when it comes to saving the pennies. We surveyed 1,000 children and parents and found that three quarters of kids in the UK now have their own bank account, and 81% of these have deposited money into it within the last year.
Children in Scotland are the best savers, with 89% of youngsters putting their money away, while 72% of children in the South East of England regularly save.
Youngsters in the South West are the most likely to have a bank account (84%), while those in the Midlands are least likely to have one (65%).
The highest average weekly pocket allowance was found in Scotland, with children there receiving £5.26 a week - 61 pence higher than the national average of £4.65.
On the other hand, their counterparts in Wales are given just £2.80 each week - £2.46 below the national average.
However, the figures show that 15% of children do not receive any pocket money at all because their parents are unable to afford it, and 16% of children even worry about money.
Gemma Johnson, founder of MyFamilyClub, said: "With the school holidays upon us, tighter family budgeting than ever before and some families plighted by a loss of income, it is encouraging to see that our children have a strong attitude towards savings and money."
But Gemma does admit it is "alarming" to see children with money concerns at such a young age.
Teaching your kids about the value of money is an important lesson they must all learn. Talking to them about saving, borrowing and insurance will help them gain a greater understanding and will help them later in life.
Eight out of 10 children are expected to earn their pocket money by carrying out chores - after all, if they are old enough to spend it they are old enough to earn it!
As children get older, tasks can be added. Letting them spend the money on what they want it is a crucial part of them learning how to weigh up the respective values of the options available to them - promoting greater responsibility.