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.

Mother and child looking at food cooking in their oven

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

 

 

Futuristic stock image of orbs and lines

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

 

 

Woman taking a photo of a piece of art

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

 

 

Colourful cables

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

 

 

Ladies buying food at a food van

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

 

Was this helpful?

Ask us a question

We'll help you get the

 answers you need

Do your banking online

Ways for you to manage your

 money without leaving home