The tip was shared on social media by one of NatWest’s senior personal bankers
A NatWest banker has revealed a ‘£10 rule’ that helps customers ‘save more’. In a social media video, a NatWest Senior Personal Banker shared three tips she always recommends to customers looking to grow their savings. The expert then broke down the tried-and-tested tips, explaining how the ‘simple’ methods can get results for customers.
NatWest shared the video on its Instagram page, captioning the post: “Straight from a NatWest Personal Banker: three tips that genuinely help our customers save more.” In the video, the employee then shared “three rules everyone should know.”
Introducing herself to the camera, the banker explained that she made the video to help anyone who wants to ‘feel more in control’ of their money. She explained: “Here are three saving tips I tell all my customers.
“First, always set a clear savings goal, not just, I should save more. Is it £1,000 for emergencies, £500 for Christmas? Knowing your why keeps you motivated.” The personal banker continued: “Next, be realistic.”
Explaining her ‘£10 rule’, she said: “You don’t need to save half your wage, even £10 to £20 a month adds up. Start small, stay consistent.” Finally, the expert said she tells her customers to keep track of their money.
“Know what’s coming in and what’s going out. When you know the real numbers, you can save without dipping back in before payday,” she said. “Keep it simple, keep it realistic, and your future can start changing today.”
NatWest also shares money-saving tips on its website. The bank says that on average, customers save twice as much when they have a goal in mind. It also advises customers to set a budget.
The bank explains: “A good habit is to set a monthly budget to plan your spending. It could help you spend less and save more. With the NatWest 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 or even donate to charity.”
NatWest also offers a budgeting guide on its website. The bank explains: “A budget could help you to understand how and where you can save money. A good place to start is looking through your regular monthly outgoings.”
It’s also helpful to track your income, the bank adds. This includes your take-home pay and benefits, such as child benefit, child tax credit and pension credit. More information is available on NatWest’s website.
