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.

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Ready to switch and save?


Helping you reduce your energy bills

Between 1 January 2020 and 30 June 2020, people who switched energy supplier for both gas & electricity with Uswitch saved an average of £387. (Source: Uswitch August 2020)

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).