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Life Moments

Managing your money

What do you want to do today?

Choose one of the options below for helpful hints on economising, saving towards a particular goal, investing and understanding borrowing options.

How to reduce my spending

We know money matters are top of mind right now. Avoiding unnecessary spending on items you don’t need could help you build up your emergency savings for the future.

Here are some helpful tips and ideas to help you reduce your spending.

  1. 01

    Budget first

    Budgeting is key to reducing your spending and will allow you to check whether you're spending more than you earn. 

    Use our online budget calculator

    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.
  2. 02

    Categorise your expenses

    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. 
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    Could you switch and save?

    Household bills make up a huge chunk of our annual spending - switching providers could help you save big.
  3. 03

    Be realistic and start small

    Focussing on small changes in order to save can make a world of difference when it comes to managing your money.

    Start small and try cut out your daily takeaway coffee.  If you save £2.50 per day, that's £910 a year!

  4. 04

    Set savings goals

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

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    Savings goal tool

    54,758 people used the Savings Goal Tool feature in our mobile app and online banking in 2019 to help them reach their goal.
  5. 05

    A bank account that rewards you

    With our NatWest Reward bank account, you can get Rewards that you can redeem as cash back.

    Earn £4 a month back in Rewards for 2 or more Direct Debits – they need to be at least £2 each. Plus, an extra £1 a month back in Rewards with 1 mobile app log in.

Could you switch and save?

Energy

Save money on your energy bills

Phone

Save money with a different tariff

Broadband

Save money on your broadband

TV

Save on your TV packages

Ready to switch and save?

Uswitch

Helping you reduce your energy bills

Between 1 Jul 2019 and 31 Dec 2019, people who switched energy supplier for both gas & electricity with Uswitch saved an average of £273. (Source: Uswitch December 2019)

Simply enter your postcode, a few details about your current supplier and Uswitch will do the rest. 

Uswitch is an Ofgem accredited, free and informative comparison tool. It is the UK's leading energy switching service and has helped over 5 million people switch to a better energy deal (based on the volume of energy switches between 2006 - 2018).

How to start saving

New home? Wedding? Rainy day? Whatever you're saving for, we can help you get into the habit of putting away a bit of extra cash each month.

Here are some simple tips to help get you started.

  1. 01

    First things first, deal with your debt

    Before you start to plan your saving, it's usually a good idea to review any existing debts first. Paying them off may help you save more in the long run, depending on any interest you pay on them

  2. 02

    Be realistic with your budget

    The best way to work out your budget is to look at your outgoings vs your incoming payments and work out how much you could realistically save each month. 

    The budget calculator

    Use our Budget Calculator to help plan your finances. Once you know where your money goes, it will be a lot easier to plan how much you could save.
  3. 03

    Set goals to motivate you

    Setting realistic savings goals will help you get in to the habit of saving.

    Whether you're saving towards a new home, maybe a wedding, or just a buffer for unexpected costs, it's great to set yourself a goal and date you'd like to hit it by.

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    Savings goal tool

    54,758 people used the Savings Goal Tool feature in our mobile app and online banking in 2019 to help them reach their goal.
    Eligibility criteria applies.
  4. 04

    Don't forget to move your money

    Get ahead of the game by setting up a standing order, allowing you to automatically move cash to your savings each month without having to remember to do it.

    Lots of people find that setting up a standing order to move money into their savings, just after they receive their wage, a great strategy.

  5. 05

    Open a savings account

    NatWest Current Account customers can open one of our popular Instant Access savings accounts in just a minute or two, online or via the Mobile App.

    We also offer range of Fixed Term Savings Accounts, ISAs and a Savings Account for children. 

How to save during lockdown

  • Review your subscriptions and memberships
  • Move spare cash in to savings accounts

Visit our Savings page for more useful tips on how to save during lockdown. 

Should I save or invest?

Read our expert guidance and analysis to help you manage your finances

A guide to saving and investing

Savings and investments both have a role to play in your long-term financial plans. Read our guide to learn about the key differences between saving and investing and to work out which is the right option for you. 

Find the right savings account for you

Head over to our savings page to help you find an account that best suits your needs, apply online within minutes and with just £1. 

Eligibility criteria applies.

Have you made the most of this year's ISA allowance?

You have until the 5th April to make the most of the 2020/2021 £20,000 ISA allowance. With our range of ISAs you could find one that suits your needs and start to make your savings work a little harder for you. 

Get your skates on and give your savings a tax-efficient lift.

Open an ISA today

Specific eligibility and conditions apply to each ISA product.

How to start investing?

It's important you feel confident about your financial decisions. So, we've put together some useful information to help you understand what investing is, the risks involved and how to get started. 

  1. 01

    What is investing?

    Investing means putting any spare money in to investments with the expectation of generating a potential profit or income over the long term (5 years or more).

    You can invest your money in a range of different investments which are sometimes referred to as asset classes. These include:

    • cash
    • property
    • bonds or,
    • shares.
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    Stocks and shares ISA

    Investments held in a Stocks and Shares ISA means you don’t need to pay UK Income Tax or Capital Gains Tax on any investment growth.
    *Tax relief information
  2. 02

    What do I need to consider before investing?

    Before investing you should consider:

    • Setting aside enough money in accessible savings to cover any emergencies.
    • If your existing insurance and pension arrangements are sufficient for your needs.
    • Paying off any high interest debts that your money would be better used to repay.
  3. 03

    Is investing right for me?

    If you know you'll need a set amount of money over the short term then investing may not be right for you. 

    Generally the longer you invest for, the more chance there is for growth on your investment. So if you invest, you should be prepared to do so for 5 years or more.

    You should only invest if you are comfortable with the risk that the value of investments can go down as well as up and that you could get back less than you invest.

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    Should I save or invest?

    Our latest investment guide looks at the key differences between saving and investing to help you choose the right path for you.
  4. 04

    How much should I invest?

    You can choose how much to invest and the level of risk you're comfortable with. The value of investments can go down as well as up, your capital is at risk.

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    Find out your risk profile

    Pick from five ready-made funds that have low fees and charges. Each fund has a different level of risk from 'low' to 'high'.
  5. 05

    How do start investing?

    Before you begin, you must ask yourself:

    • What are you looking to achieve?
    • How much money you can put away for the medium to long term?
    • Are you prepared to see the value fall along the way?
  6. 06

    Investing with NatWest

    It can be hard to know where to start –  for help with simple and affordable online investing, and to choose your investment personality, head over to NatWest Invest.

Our latest insights

Read our expert guidance and analysis to help you manage your finances

When is a good time to invest?

This guide provides investment information to help you get started and make investing part of your financial planning.

Should I save or invest?

This article looks at the key differences between saving and investing to help you choose the right path for you.

Experienced investors

This guide explore five habits of experienced investors to help you invest with confidence, whichever stage of investing you're at.

Our insights hub

To continue to read insights and analysis from our experts, please use the link below to visit our content hub.

NatWest Invest

For help with simple and affordable investing, and to choose your investment personality, head over to NatWest Invest. There you can:

Choose how much to invest 

Choose your level of risk

Get help with online automated advice

Then let us help get your money working harder.

Frequently asked questions about NatWest Invest

The basics of borrowing

If you need to borrow money, this whistle stop tour will help you understand the differences between credit cards, loans and overdrafts. We'll focus on their key features and important information to note.

Loans

Personal loans allow you to borrow a fixed amount over a fixed term usually at a fixed interest rate.

Credit cards

A credit card lets you make purchases up to a pre-arranged limit.

Overdrafts

An arranged overdraft lets you borrow money through your current account up to a pre-agreed limit.

Helpful tools

Loan calculator

See how much you could borrow. Eligibility applies. Over 18s only.

Credit card calculator

Figure out your minimum payments and more. Eligibility applies. Over 18s only.

Overdraft calculator

See what an overdraft could cost. Eligibility applies. Over 18s only.

Borrowing tool

Not to sure on the right type of borrowing to go for? We could help.

Representative examples explained

18.9%
p.a. (variable)

23.7%
(variable)

£1200

£24

See where your money goes with Spending

Our Mobile Banking app now comes with Spending.

Spending is a handy feature that automatically places your current account transactions into categories, so you can get a detailed picture of where your money goes each month.

Download the app

Join over 5 million customers who already use our banking app to manage their money. Don’t miss out, join them today.

Download the app

Join over 5 million customers who already use our banking app to manage their money. Don’t miss out, join them today.

Download the app

Join over 5 million customers who already use our banking app to manage their money. Don’t miss out, join them today.
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Time for a financial health check?

We have plenty of tips and tools to help you make the most of your money.

Is there something else you're looking for?