Apparently our main money lessons are taught by our parents, as they have the largest influence over our shopping habits. According to research by Skipton Building Society over 40% of Britons spend similar amounts of cash as their parents and splurge on the same type of luxuries.

Almost a quarter of those surveyed admitted that they got their debt management habits from their mother, meaning that there could almost be evidence of a ’spending gene’ or even a ‘debt gene’, depending on how successful your parent’s budgeting is.

Spokesperson Jason Clarke comments: “A key part of managing your finances in the current climate is about taking responsibility and keeping track of your outgoings.”