A good habit is to set a monthly budget to plan your spending. It could help you spend less and save more. With the Ulster Bank app, you could categorise your current account transactions (e.g. household bills, groceries, eating out, travel, etc) to give you a more detailed picture of where you spend your money and help you to spot opportunities to save each month.
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Ways to help you save
From reviewing your direct debits to switching energy supplier, there are lots of great ways you could save money each month. It might help give you a bit of extra cash to save for a rainy day. Here's some of our top tips.
1. Set a budget
Our Mobile App is available to personal and business banking customers aged 11+ using compatible iOS and Android devices. You'll need a UK or international mobile number in specific countries. Account eligibility apply. Spending Tracker is available to customers aged 16+ who have a Personal or Premier account with us.
3. Set a savings goal
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.
Get ahead of the game and set-up a standing order to save a little each month too before all your bills come out. A great strategy.
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Our savings goal tool is available to existing customers with an instant access savings account and our mobile app.
4. Save your spare change as you spend
Let your bank do the hard work for you by rounding up your everyday spending to boost your savings. When you pay with your debit card, the amount will be rounded up to the nearest pound, sending the spare change straight into your savings account.
Check out our Round Ups tool to find out how to get started.
Round Ups is available to customers who have an eligible current account, an eligible instant access savings account and are registered for the Ulster Bank Mobile App. Round Ups can only be made on debit card and contactless payments in Sterling.
6. Switch energy supplier
Could you be saving on your energy bills? Try using a price comparison website to weigh up your options with different suppliers. You could think about reducing your carbon footprint too by switching to green energy provider.
8. Ditch that old Direct Debit
If you take some time to scroll through regular payments on your app, it’s possible you’ll discover at least one Direct Debit or standing order you no longer need. For most, you can cancel these online or over the phone, but it’s worth checking any contracts you may have to avoid any cancellation fee or penalty.