Saving early for special occasions means you can put a small amount aside each month rather than having to pay for everything in one go. You’ll also avoid paying credit card interest charges and fees.
Our savings accounts can help you get ahead.
The average household spends around £800 on Christmas. Set a budget to help you control your spending on food, presents, travel and other expenses.
To work out how much you need to save:
The total will show how much money you need to save each month to cover these expenses.
Treat saving in the same way as a bill. Saving a regular weekly or monthly sum is more effective than saving what you have left over, which could be nothing.
Try to be realistic – it’s better to commit to a manageable amount than to aim too high, then give up. If you’re not sure how much you can afford to save, start small by putting your spare £1 or £2 coins in a jar each week. Then try setting aside a bit more on a regular basis.
Once you’ve decided on a regular sum, set up a Direct Debit or standing order to transfer your savings into your savings account each month.
Our Save the Change feature on eligible Lloyds Bank current accounts can help you save by rounding up your purchase to the nearest pound and transferring the difference into your nominated Lloyds savings account.
Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Authorisation can be checked on the Financial Services Register at www.fca.org.uk. Visit the Financial Conduct Authority website. Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No.2065.