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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10 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 App can be used on compatible iOS and Android devices. You'll need a UK or international mobile number in specific countries. 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.
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 with an eligible current account, an eligible instant access savings account and the Mobile App. Applies to debit card and contactless device payments in sterling only. Mobile App criteria applies.
6. Switch energy supplier
Between 1 July 2020 and 31 December 2020, people who switched energy supplier for both gas & electricity with Uswitch saved an average of £216 (Source: Uswitch February 2021). With Uswitch you simply enter your postcode, a few details about your current supplier and Uswitch will do the rest. Save on your carbon footprint too by switching to green energy provider.
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Uswitch is an Ofgem accredited, free and informative comparison tool. It is the UK's leading energy switching service and has helped UK consumers switch their energy deal more than 9.2 million times, saving over £2.3 billion since 2006. NatWest receives commission for each switch. When you select 'Compare energy deals' you'll be taken to the Uswitch website.
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.
10. Get rewarded for spending
It makes sense to do your research to find the best price but there are also ways you could earn some money back when you spend too.
We're proud to introduce Ulster Bank Rewards. Register your Ulster Bank contactless debit card with our Rewards programme and you'll enjoy great cashback bonuses when you shop at some of Northern Ireland's favourite retailers.
To avail of Ulster Bank Rewards you must be a personal contactless Debit card customer over the age of 16 years and resident in the UK.