Youngsters have learnt valuable lessons in saving thanks to the recession, it has emerged.

New research from Natwest shows that more than two-thirds of those between the ages of 12 and 19 think their money management skills have improved.

In fact, many of them are now more considerate in how they budget, plan and save their money than they were 12 months ago.

Sarah Neary, head of NatWest MoneySense Panel, said: "Having surveyed close to 30,000 young people over the last three years, and provided impartial money lessons in 60 per cent of British secondary schools, we are certainly encouraged by this news."

The research showed that boys are more likely to put money aside than their female counterparts, with 33 per cent of males saving either all or most of their money.

Only a quarter (24 per cent) of women, however, are doing the same.

Regional variations were also revealed, as teenagers in the north-east are the most inclined to save for the future, with those in the east Midlands not quite so enthusiastic.

Ms Neary continued: "These results are proof that financial education in schools does make a difference.

"Money management lessons help students become 'financially fit', instilling good budgeting practices and helping to prepare the next generation for a brighter financial future."

Results of a recent YouGov survey, commissioned by HSBC and the Personal Finance Education Group, shows that children have been impacted by the recession and are aware of their parents' cutbacks.

Of the youngsters questioned, 80 per cent say they would save up to buy something rather than get into debt, while more than half said that if they were given £20 they would choose to save some of it.

Furthermore, 34 per cent considered their mobile phone as a necessity, whilst iPods, trips out and new clothes were seen as luxuries.