Getting into a savings habit

Create a budget

Identify opportunities to save by creating a budget, if you don’t already have one. We show you how here.

Keep savings separate from regular income

It's often easier to build up savings if you keep them in a dedicated savings account, and separate them from your everyday banking.

Track your spending

Use a personal finance or banking app to monitor and track what you spend. Frequent, small purchases soon add up, and you may spot areas to cut back on spending and save more instead.

Save a little and often

Saving any amount of money, however small, is worthwhile. It can help you get into the habit of saving. You could make saving easier by setting up an automated transfer, from your main bank account into a savings account, for the same day each month. Choose the day you're paid, and you'll save money before you're tempted to spend it.

Compare and save

Use comparison sites to check if you could be paying less for your household expenses, like utilities, phone, internet or groceries. If you switch to a cheaper deal, try putting the amount you’ve saved each month into your savings account.