How to Automate Your Savings (And Why You Should)

Saving money, even a small amount, can seem like a monumental challenge, especially when you're juggling everyday expenses or unexpected costs. But what if there was an easier way? That’s where automation comes in. Automating your savings is a simple yet powerful way to take control of your finances, without even thinking about it. Let’s take a look at how to automate savings and our top tips to save money monthly.

What Are Automated Savings?

Automated savings is one of the best saving tips to put money aside without much effort. It means setting aside money regularly without having to manually transfer it yourself. You can schedule automatic transfers from your main bank account to a savings account at regular intervals, whether it’s on payday or certain points throughout each week or month.

Many people consider automated savings as one of the best tips to save money monthly. It takes the pressure off manually transferring funds into your savings as you don’t have to worry about remembering to make the transfer. There’s also little to no willpower required as the transfers happen electronically, which means you won’t be tempted to transfer a smaller amount or spend what’s intended for your savings.

It doesn’t matter how much you set aside: the tip to save money monthly is to set aside what you can afford, whether it’s £10, £50 or £150. You can always increase or decrease the automated transfer to suit your budget.

Why You Should Automate Your Savings

Automating your savings takes the pressure off budgeting and helps keep you on track with your financial goals. Setting up an automatic transfer helps build consistency as you’re less likely to forget or skip setting money aside when it's done for you, while also reducing the urge to spend the money on impulse purchases.

Building a savings pot helps build a safety net for unexpected bills or urgent expenses that may crop up in the future. This will reduce the stress of sourcing funds at short notice or reworking your budget to afford the additional expenses.

At Fast Loan UK, we understand that short-term loans can be a helpful solution if you find yourself in urgent financial need. But by combining smart borrowing with smart saving tips like automated savings, you can work toward long-term financial stability and feel more confident about your money in the future. If you do decide an affordable loan is the best option for you, you can apply using our simple online application form and we’ll review your affordability and give you a quote within minutes.

Apps with Good Saving Features

If you're in the UK and looking to make saving easier, there are several apps designed to help you build better money habits through automation and setting goals. One of the most popular apps that offers saving tips is Monzo. The app lets you separate your savings from your main balance, set specific goals (like a holiday or emergency fund), and even automate round-ups, where purchases are rounded up to the nearest pound and the spare change goes into your savings pot.

Starling Bank gives you tips on how to automate savings, along with ‘spaces’, where you can allocate money for different savings goals. It also supports automatic round-ups and allows you to lock away savings to reduce temptation.

Moneybox focuses on long-term saving and investing. You can start saving or investing with just £1, round up your spare change, and even contribute to ISAs, pensions, or general investment accounts, all from the one app.

Along with automated savings, these financial apps can also provide you with tips to save money monthly, such as cutting down on non-essential spending.

Building a Better Future

One of the best tips to save money monthly is to automate your savings. By setting up regular, automatic transfers into a savings account, you can build financial stability without the stress of manual budgeting. Getting into this habit helps you build a safety net for the future, prepare for emergencies and reach your financial goals, whether it’s saving for a house deposit or buying the car you’ve always dreamed of. Apps like Monzo, Starling Bank and Moneybox can help you learn how to automate savings with features such as round-ups and savings pots and provide you with saving tips.

We take responsible lending very seriously at Fast Loan UK and believe that combining smart borrowing with healthy savings habits can help you build long-term financial security.

Whether you're recovering from debt or planning ahead, learning how to automate savings and utilising tools such as money management apps can help you take confident steps toward a healthier financial future.