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Teachers are the best savers

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Those working in education seem to be better at putting more money aside then even those who work in finance.

New research by the Co-operative Bank has shown that out of 25 professions surveyed, teachers save the most money each year.

Those working in education save on average £2,125 each year, higher than those working in finance (£1,999) and over four times the amount saved by those in artistic and sport related jobs (£494).

The research also highlights which professions have had to significantly adjust their lifestyles due to the current economic pressures, with those working in entertainment (86%) and design (83%) taking the biggest hit.

Zack Hocking, head of savings at the Co-operative Bank says: “Keeping a small portion of your wages aside each month can help to reduce the effect these difficult financial times are having. By keeping track of your outgoings you may be able to make a few minor cutbacks which can add up to a surprisingly large saving.

“With the new tax year just starting it’s the ideal time to get into the habit of saving a little into an Isa or savings account as and when you can afford to.”


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