It's important to keep your spending within your means and to save money where you can. We’re here to help you get the most out of your money with a few tips on managing how you spend. 

Looking to complete a budget planner? Check out our budget planning page.

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Cut your energy spend

Follow these simple tips from the Energy Saving Trust and you could potentially save money every year on your energy bills:

  • Turn your thermostat down 1 degree and save up to £55
  • Remember to turn your appliances off, rather than leaving them on standby and save up to £40
  • Always turn off lights when you aren’t using them and save up to £14
  • Reduce your washing machine use by one cycle per week and save up to £10

These yearly savings are based on a 3 bedroom semi-detached house as of December 2021.

Take a look at the Energy Saving Trust’s website to find more simple ways to cut your energy spend.

Go to Energy Saving Trust



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Cancel unwanted subscriptions

In a survey we conducted recently, 62% of us admitted to paying for monthly subscriptions that we don’t need.

  • Do a subscriptions spring clean and cancel the ones you don't want anymore. You'll save money every month. 
  • Don't fall for the 'Free trial trap’, where you sign up for a service that is initially free but then forget to cancel it. 
  • Use Mobile and Online Banking to spot repeating payments. 
  • Sign up for My Money Manager in Mobile Banking to get insights into your monthly subscriptions.

Check out our Mobile Banking page



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Reduce your TV spend

Are you paying for TV and video services that you don't watch?

  • If you subscribe to Netflix, Sky or Virgin Media do you really need all the premium packages and channels you’re paying for? 
  • Are you paying for multi-screen packages but only tend to watch on one screen?
  • Have you thought about TV providers such as All 4, BBC iPlayer and ITV Hub?
  • Ofcom can help you compare your current deal to try and save you money.

Take me to Ofcom



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Use less energy

Cut your energy usage to lower your bills. 

  • Don't leave items on standby. 
  • A one degree reduction in room temperature could save you £75 a year.
  • Draught-proof your windows and doors. 
  • Ofgem can give you helpful tips on how to use less energy.

Take me to Ofgem



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Watch your spend on food and coffees

Food is a big part of expenditure but there are things you can do to cut down. 

  • Can you buy fewer coffees and sandwiches outside the home?     
  • Try to cut down on the food you throw away - some people find that planning ahead and bulk cooking saves time and money.
  • Use My Money Manager in our mobile app through the link below to track spend at particular restaurants or cafés.

Learn about My Money Manager


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