What are your best squirrelling money away techniques?

What banking app is this?? This is how I do things but means I have loads of different accounts and it's all gotten a bit complicated as life got more complex. Was far simpler as a 20 something mortgage and child free singleton 😂

I transfer money to savings when I’m paid and try not to touch it. Otherwise I just keep an eye on prices, particularly food and shop around for good deals.
Using cash definitely means I spend less as I’m more mindful of handing it over.

Pension comes directly out of pay and I pay into AVCs as well to minimise tax. My net pay gets transferred into one account and then split into a mortgage/bills account (I overpay the mortgage each month), into a savings account and food/ everyday expenses account. I do the Monzo 1 p thing. I have a spreadsheet with all expenses and savings that gets updated every couple of months.

Monthly salaries go into a joint account where the direct debits come out from. Then we pay ourselves a weekly amount on a Wednesday to a different account which is what we have to live on (food/fuel/going out). Then if we've splurged a bit - we only have to hang on for a day or 2 til its Wednesday again. Its surprisingly effective at stopping us (me!) merrily spending away , then being skint for a week at the end of yhe month.

I'm awful at saving, so for ages I would ask to be put on emergency tax so I'd get a lump sum at the end of the year
Now I'm on a better wage, have been saving into set term savings accounts (interest rate drops if you withdraw any) and the other one is overpaying council tax each month. Appreciate this isn't for everyone but I view it as having it paid off/mostly paid off by December which gives me that extra bit at Christmas.
Oh and shoving a bit into premium bonds

Also doing all this on payday. Means rest of the month might be tricky at times but better than spunking it instead.

Money goes into an ISA on payday.
Anything spare goes into premium bonds at the end of month.
My current account has a “round up” function. I accumulate my roundings up for holiday spending.

Weirdly I don't want to save every penny. My parents did this and have spent years scrimping needlessly..they now have loads of money but won't spend it. Miserable

Yes, you can get into the mindset of accumulating savings and then not wanting to spend any of it. I have one savings account to set aside money for guilt-free spending, otherwise it would end up in long-term savings and I wouldn't want to spend it.

This!
I shift a chunk across to savings as soon as I get paid. More than I expect to actually save so I can get the extra (tiny) bit of interest.
I'll scooch some back to my current account if I'm short at the end of the month, but only the amount I'm short by.
Usually end up saving a decent amount because if you don't see it, you don't spend it.

I divert all “free” money directly into a savings account. So discounts, cashback, reward scheme points redeemed, personal stuff sold, etc etc. No council tax months I transfer that money in too. I pay for everything with a cashback credit card and that money goes into the savings account too. I pay for energy quarterly on receipt of bill, but pay a consistent amount into a pot monthly to cover it - then withdraw the excess every year and pay it into the savings. When we paid off our debts, we diverted that repayment money into savings. Ditto our mortgage payment. A saving is only a saving if you actually save it. But the best part of saving is making a plan of what to do it - fun goals, sensible goals, short term and long term.

Two current accounts: salary paid into one, which has direct debits for bills and savings, and a direct debit to the second current account which is spending money. Reduces the temptation to spend to the limit of what's in the main current account. Maintain a buffer in the first account with the accumulation of unspent money, and any excess move to a savings account.

Have an easy access savings account that pays interest monthly - seeing the interest increase in response to putting more money into the account is a good incentive to maintain the savings and makes you reluctant to spend it.

Regular saver accounts. Lloyds does a £400 /month at 6.25% interest, FD £300/month @7% interest. I do this every year. In 12 months I have £4800 in Lloyds and £3600 in FD, before the interest is paid. I normally bung the lot in an ISA.
I earn this money by doing extra shifts, btw. It’s my yearly challenge.

I do:

Round up x 3 on my Natwest spends

Monzo 1p a day thing

Vinted - money goes into a locked pot in Monzo. It'll pay for a trip away this year

Weirdly I don't want to save every penny. My parents did this and have spent years scrimping needlessly..they now have loads of money but won't spend it. Miserable

Like a PP I put extra in to my pension, including any bonuses.

On payday I put money in premium bonds for me and DCs and a LISA. Any money left at the end of the month gets saved.

DC are lucky and get lots of gifts from family at Christmas and birthdays, so any money they are given we save for them - do it- by the time they’re 18 they’ll have thousands and it’ll make a huge difference for Uni/house buying etc.

I put a small amount straight into my own account as that’s my monthly money. I don’t have much. Some months I take some out as cash, buy bits of clothes I need and so on. I don’t buy things unless I need them. The rest I have left I put in a rainy day savings account and a higher interest account. The cash goes in an envelope in the house so I have it when I need it.

what’s remaining after dd’s, mortgage and cc (never paid interest on it cleared every month) then gets divided off into separate savings accounts. one for council tax one for bills, one for car, one for pets and so on. I also usually withdraw cash as well as I try to spend cash whenever possible to stop me buying things we don’t need. Cash gets divided between my purse and a safe place, safe place amount only gets used in an absolute emergency. this month was used for an emergency vet visit previously a car repair so it’s there if we need it.

I do not like not having cash so always make sure I have some. Over the years We’ve had months where a bank has gone down and rent was due or a card was declined due to a fraudulent transaction so the cash is there if we need it.

I’ve worked really hard over the years to save little bits here and there and it’s really improved my life. I’ve been able to make overpayments on the mortgage some years, buy a big item we need without having to dip into this months wages.

as you can tell I’ve lived in the past with zero savings or ability to save so it feels like a luxury to have little savings accounts with money put by for when we need it.

We’ve got set savings per month and have ‘save the change’ set up on our bank. That rounds up the card payments each day and transfers it to our savings account. Then if we have anything left that also gets cleared into savings on payday.

I gave done this too and added the equivalent of any direct debits I've cancelled to my pension contributions so my outgoings are the same but the money is redeployed

My friends employer lets her split her wages into 2 bank accounts they do 2
payments so she puts £150 a month into a separate account and never misses it as her main wages go to her main bank account.
i think this is a really good idea

It’s really boring but I’ve hugely increased my pension contributions. It’s the most tax efficient way of saving, it’s gone before I can even count it as mine and I can’t get at it (for a good while).

I’ll put my annual pay rise in there too.

Things I do are:

• pay myself first (so try and put something away every month-I really appreciate not everyone is able to do this though, and I often have to take the money back)
• use TopCashback
• try to find discounts for everything
• Use Money Box round ups
• use Chase and divvy up money into different accounts (Christmas, holidays, house stuff etc)
• when I was really skint and trying to save I used the envelopes system. Basically paid for what I could with direct debit, then gave myself a certain amount each month for food and spends. I split that into 4 envelopes (one for each week). Really made me think about what I really needed!! I’m sure it’s based on a named person/system.
• I also put all spare change (everything over 50p) into a tin that you need an opener to get to. It adds up!

Like a few others, I save x amount as soon as I get paid (‘pay yourself first’). For me it’s been life changing.

I’m at the maximum amount now but saving into my Premium Bonds helped motivate me to buy bonds because of the ‘raffle ticket’ aspect (the more bonds you have the more likely you are to win prizes). I also like the fun of the monthly draw.

I save all my work travel expenses including parking into a separate account - usually comes to somewhere between £3k and £5k
If I have any money left at end of month on top of what I put away in savings ( not always ) that goes into my ISA

Oh a new pot is called " teeth ".

Any discounts, money off vouchers/codes on purchases get transferred over to a saving account. So I technically pay the full price but keep the savings for my rainy day fund.

Money left in the account on the day before payday, also get transferred over to the savings account.

Premium bond winnings are set to buy more bonds. When I reach the limit I’ll change the nominated account to my savings account.

Use a gift card app which gives cashback to pay for supermarket shops and any other shopping at parcipating shops. It takes moments to do this at the checkout and adds up to a few hundred extra a year on money you were spending anyway

£4 a week goes into my LISA by direct debit so I get an extra £1 bonus rounding it up to a fiver. It's not loads but I don't even notice it going out.