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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. 
  3. 03

    Be realistic and start small

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

    Save little and often with our new Digital Regular Saver account. To apply, you must be a UK resident, aged 18+ and a current account holder.

    To help you get into the habit of saving

    In addition to our Digital Regular Saver account above, we offer a wide range of savings accounts that may better suit your particular needs.

  4. 04

    Set savings goals

    Make a list of short and longer term goals to work towards and watch your savings grow. On average, customers save twice as much when they save towards a goal. 

    Savings goal tool

    Savings Goal Tool is a feature within our mobile app and Online Banking that helps you understand how much you need to save to reach your savings goal.

    Eligibility criteria applies.

  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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How to reduce your energy bills

We spend a lot of money on gas and electricity. That's why we've pulled together our top energy saving tips. We want to help save you money, and reduce your carbon footprint at the same time.

Ready to switch and save?

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Uswitch

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. 

Information Message

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).