Reviewing your gift list for events like Christmas could make things easier and cheaper for you. Perhaps try a gift exchange, give to charity or agree to save what you would have spent on each other.
Get clear in half an hour
Review your incomings and outgoings. Half an hour could be all you need to sort out exactly what is coming into and going out of your bank account each month.
Pay in what you were paying out
Once you have paid off your borrowing, you could send the same payment into a monthly savings pot. You’ll be paying yourself each month, instead of someone else.
Fight food waste and save
Plan your meals ahead. It sounds simple, but when you know exactly what ingredients you need for the week ahead you're on the right track to both reduce food waste and save money.
Ways to reduce your spending
Switch to SIM-only
If your phone is included in your contract, you've already paid it off when the contract ends. So, switching to a SIM-only contract at that point could save you money.
Take advantage of family offers
If there are multiple people in your household with music streaming subscriptions, you could make use of a family package. Sign up together and split the cost.
Switch providers and haggle deals
Comparing deals on your household bills and switching could save you money. Use a price comparison website or contact your existing provider - and don't be afraid to haggle.
Save as you spend
Loyalty schemes and cashback offers are easy ways to turn spending into savings. Use cashback to get money back on purchases, or a loyalty card that accrues points as you spend.
The £10 challenge
How easy is it to spend £10? Set up a standing order to your savings account for £10 a week and you'll have £520 by the end of the year.
Save over £1,000 a year
A takeaway and a bottle of wine can easily come in at £20 a week. But swap out the habit and send it into a savings account and you'll have made £1,040 in one year.
The 24-hour rule
Dedicate a 24-hour, no-spend rule on purchases. Instead of clicking 'Buy now', wait a day and see if you still want to go ahead. You might find you save on unnecessary splurges.
The no-spend challenge
Try a day a week with no spending at all. This can be as simple as staying off your devices and reigning in on those online purchases. Or plan out activities and treats that are completely free.
Choose specific savings goals
Get specific and set a goal. You could be saving for a house deposit or a house plant, but when you have a goal it's easier to get into a savings mindset.
With Lloyds you can you can separate your goals into different accounts and rename your accounts to help keep track of them.
Set your limits
A realistic limit can help you stay aware of your spending. So set yourself a spending limit, per day, per week or per month, and stick to it.
Create an emergency cash pot. Aim to save the equivalent of three months' salary and put it aside for emergencies and rainy days.
The 50-30-20 rule
Manage your monthly pay by splitting your spending. Allocate 50% to your essentials, like bills, mortgage or rent, transport and food. Then send 30% to a savings account, and the final 20% is to enjoy.
We're here to help
If you'd like face-to-face guidance, you can book a personal review in branch to check you're making the most of your money.