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Getting into a savings habit

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5 ways to get saving

If you're new to saving it can be hard to know where to start. Here are 5 ways to get into the habit.

  1. Create a budget
    Identify opportunities to save by creating a budget, if you don’t already have one. We show you how here.
  2. Keep savings separate from regular income
    It's often easier to build up savings if you keep them in a dedicated savings account, and separate them from your everyday banking.
  3. Track your spending
    Use a personal finance or banking app to monitor and track what you spend. Frequent, small purchases soon add up, and you may spot areas to cut back on spending and save more instead.
  4. Save a little and often
    Saving any amount of money, however small, is worthwhile. It can help you get into the habit of saving. You could make saving easier by setting up an automated transfer, from your main bank account into a savings account, for the same day each month. Choose the day you're paid, and you'll save money before you're tempted to spend it.
  5. Compare and save
    Use comparison sites to check if you could be paying less for your household expenses, like utilities, phone, internet or groceries. If you switch to a cheaper deal, try putting the amount you’ve saved each month into your savings account.

Ready to start saving?

Check out some of our savings accounts and see if there's one that's right for you.

And we've got even more tips on how to build up your savings.

Financial wellbeing

Mom and son blowing bubbles; image used for HSBC MY build an emergency savings article page
Put money away for those unexpected events.
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How to recognise the signs and what to do next.
Couple on couch; images used for HSBC MY save for the future article page
Start planning for the later stages of life.
Mother and daughter working; image used for HSBC MY types of savings article page
It’s a good idea to have a number of different types of savings. Learn what options you have for different goals.