Where do I start?

Budget, budget, budget!

Budgeting is key to reducing your spending and in order to come up with a budget plan, you need to have a clear picture of your current financial situation. 

Begin by gathering at least 3 months of paperwork to help you build a clear picture of your current incoming payments and outgoings. This isn't as daunting as it sounds and most of the information is available online!

It might help to have the following items handy:

  • Bank statements
  • Payslips
  • Household bills
icon-calculator-black Created with Sketch.

Use our budget calculator

Now you've got your paperwork together, use our calculator to find out where you could save. Then we'll think about making a budget plan and helping you save some £ every month.

3 simple steps to better budgeting

  1. 1

    Understand your total spending vs. total income and categorise.

    Once you know exactly how much you have to spend, it's really helpful to categorise your expenses so you can budget for specific items such as: household bills, entertainment, groceries etc. 

  2. 2

    Be realistic about how much you could save every month.

    A mind-set shift on focussing on small changes in order to save can make a world of difference when it comes to managing your money...so start small and cut out your takeaway coffee or another little luxury you indulge in. If you save £2.50 per day, that's £910 a year! Once you start seeing small changes adding up, you'll feel more inspired to make bigger ones in order to save a few extra £s. 

  3. 3

    Set up a savings goal and track your progress.

    Make a list of short and longer term goals to work towards and watch your savings grow.

    icon-Saving-black Created with Sketch.

    Savings Goal Tool

    Our savings customers who use the Savings Goal Tool in online banking save twice as much as those who don't.

Could you switch and save?

Household bills make up a huge chunk of our annual spending - switching providers could help you save big.


Energy suppliers have a number of different tariffs. So if you’re on a standard tariff (and 66% of people are) you’re likely to be able to save money, just by switching to a cheaper deal.

Price comparison websites have made it easier than ever to see how much you could save by switching energy providers. 

Phone, TV and broadband

It’s easy to stick with one provider simply because it’s too much effort to change, but you could be massively overpaying. Use comparison sites to see if you can get your package cheaper.

It’s always worth asking your provider whether they have any offers available – often these aren’t advertised.

Reward bank accounts

Get 2% back in Rewards on eligible household bills paid by direct debit.

Applicants must be 18+ and a UK resident. To earn Rewards you need to access Online or Mobile Banking once every 3 months. Monthly fee applies.