Savvy youngsters are saving more than their parents did at the same age, new research from Santander has revealed.
The bank said 94% of 11 to 16-year-olds are setting money aside for their future, with the average amount saved £28 a month - the equivalent of £336 a year. Nearly half (47%) are also making regular deposits into a bank account.
This compares to just 21% of parents who were making deposits when they were the same age and 83% who were saving cash when they were youngsters.
Unsurprisingly, most youngsters are preoccupied with the cost of university, with more than a quarter (26%) saying they are putting money away for their future studies.
Other teenage must-haves making the list of savings goals included clothing and personal items (25%), smartphones and tablet computers (22%), a holiday (18%) and a car (17%).
A very sensible 8% of youngsters said they were already putting money aside for a house deposit too.
But the bank of mum and dad won't be closing for business any time soon, with parents providing around half (£26) of youngsters' monthly income of £55. A part-time job brings in an average of £15 a month, while the rest comes from other family members.
Reza Attar-Zadeh, director of retail products for Santander UK, said: "The extraordinary economic climate of recent years is shaping youngsters' attitudes towards money.
"It's clear that many are more financially astute than grown-ups may give them credit for, and are adopting a positive approach to spending and saving their money."