You are here: Home - Saving & Banking - News -

Small savings could go a long way

Written by:

Norwich & Peterborough Building Society (N&P) has issued a set of tips for families looking to budget as the cost of living increases.

Tips include budgeting for utility bills and events such as Christmas in a separate account, unplugging electrical items rather than leaving them on standby and planning a weekly food menu to base your shopping list around.

N&P also advised consumers to top up their individual savings account (ISA) each year to take advantage of tax-free savings and check direct debits to ensure payments only cover items and services still being used.

Gary Lacey, group product manager at N&P, said: “It is refreshing to see that it is often the simple tips that can prove most popular, such as changing your shopping habits or saving on electricity bills.”

He added that saving little and often could add up in the long run.

Related Posts


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Feature: The only way is up

Kate O’Raghallaigh takes a look at the rising cost of living