Saving for the future has always been sensible, but rarely has it been as important for families as it is right now.
With a generation growing into adulthood and young parenthood during a time of unprecedented uncertainty, we all know that sometimes just getting by can be a struggle, let alone managing to put anything aside.
New research completed by Aviva has revealed that young working adults, aged 25 to 35, are having to be a lot more realistic about their funds than previous generations.
At this age we all start turning our attentions to the future, whether it's having children, getting married or setting up retirement savings.
And it appears this "foundation generation" is a lot more forward-thinking than our parents and grandparents. Results from the study showed that 36% of respondents are budgeting to buy their own house, while 34% are trying to pay off their debts.
No one understands the importance of sacrifice more than mums having to go without to provide for their kids, but more young workers across the board are now giving up luxuries and using their money more wisely.
Only 8% of those asked are saving up for a holiday, while just 13% are syphoning off a considerable part of their income for hobbies.
Alistair McQueen, senior workplace savings manager at Aviva,said: "There is probably a patronising mindset that this population is less engaged.
"They are carrying significant challenges. They are probably more financially equipped and more realistic than previous generations."
Around 40% of the 2,200 people surveyed actively search for the best buys to manage their money.
The typical take-home pay among this age group is £1,144, according to the findings.