Super Savvy Saving

Date: 06 Jan 2021

Together with our partners, financial wellbeing experts, nudge, we’ve put together some handy tips to help you save money this winter.


The combination of this chilly weather and spending more time at home will see a rise in our household bills. Increasing costs of utilities such as heating and electric means less money to spend on the things and the people you love.

According to nudge, by creating a budget, you have the chance to be 3 times better off in the future! Check out their tips on learning to manage the household budget and reduce your utilities.

Top Tips for Reducing your Utilities

  • Standby Offenders
    Although it’s hard to measure exactly how much energy is wasted by leaving appliances on standby, nudge states that you can save around £30 a year by turning them off at the switch. It may seem like a small amount but changes like this can soon add up.
  • Energy Eye Opener
    Turning off all the lights when you go to bed can save you an estimated £281 per year.
  • Feeling Hot?
    Turning down your thermostat by just 1°C could cut as much as 10% off your heating.
  • Stop the Shop
    Spending here and there can add up, even £20 per week in addition to your larger food bill will cost you on average an additional £1000 per year!

Savvy Shopper Tip

Try a new retailer if you’re buying online. Often, users are offered discounts of 10% or sometimes 20% when they visit for the first time in return for signing up to their emails (you can always unsubscribe afterwards).

Managing a Household Budget

  • 50/30/20 Rule
    50% of your salary for essential bills, 30% of your salary for things you want and 20% of your salary to put into a savings account.
  • Jam Jar Method
    Split your spending into physical or digital containers, using pots, jars or an online tool. This will help you have much clearer visibility of your budget and also help you to stay within your spending limits.
  • Stop Impulse Online Purchases
    Clearing your stored card details from your browser, mobile or app, will stop it from being as quick and easy to buy with one click. Also, try asking yourself questions like, “Do I really need it?” If the answer is no, don’t buy it – seems simple, but sometimes that’s all we need in order to restrain ourselves from getting too carried away with online purchasing.
  • Have a ‘No Spend’ Day/Week
    With lockdown 3.0 underway take this opportunity to have yourself a ‘no spend day/week’. Get creative with entertaining the kids and only spend on essential items.
  • Break it Down
    Break your spending down into daily or weekly chunks to help better manage your finances. Try drawing out a certain amount each week and spending within that amount. If you have any left at the end of the week, put it into a savings pot – see how much you can save in a year!

Super Savvy Savings Tips

  • Treat your Savings Like a Bill
    By setting up a standing order to be taken each month immediately after payday, the money’s gone into your savings account before you have chance to miss it!
  • Make it Fun
    Set challenges, get the family involved. What about trying to save £1 in week 1, £2 in week 2, £3 in week 3 and so forth? Do that for a year and you’d have £1378 saved up!


This blog was brought to you by the team at nudge. nudge is a personal finance solution that helps people maximise financial opportunities, overcome financial problems and make managing money stress free. 

*Please note that this article is general signposting and is not a specific endorsement or recommendation by Bright Horizons. Should you utilise or download any resources, any exchange of data is solely between you and that provider – please note that the resources may be subject to their own terms and conditions and / or privacy notice. (As Bright Horizons has no control of the contents of the external resources, it can assume no responsibility or liability for these resources or the provider’s use of any data you share with them.)