New year, new habits: simple ways to get into the habit of saving

But when money already feels tight, especially after Christmas, saving can seem like something that has to wait. The good news? Building better money habits doesn’t have to start with big amounts. Small, steady steps can make a real difference over time.

Here are a few simple ways to get into the habit of saving this year, without the added pressure.

1. Start small (smaller than you think)

One of the biggest barriers to saving is feeling like you need a “proper” amount for it to count. You don’t.

Saving £1, £5 or £10 when you can still builds the habit. It creates a routine. And over time, those small amounts add up far more than you might expect.

What matters most is consistency, not the size of your savings.

2. Make saving automatic

If you can, set up your savings so they happen without you having to think about them. When money moves across automatically, you’re less tempted to spend it.

Whether it’s a regular standing order, transferring funds after payday or saving through salary deduction, automation helps turn saving into a habit rather than a decision you have to keep making.

There are plenty of free-to-use savings apps that help automate your savings. You can compare accounts here and see what works for you.

If your employer is a GWCU partner, you might be eligible for Salary Deduction Saving. Check here to see if your employer is listed.

3. Choose a savings goal that feels real

Saving is easier when you know why you’re doing it.

That goal doesn’t have to be huge. It might be:
• A small buffer for unexpected costs
• Christmas (so it doesn’t come with stress next time)
• A rainy-day fund
• Or simply feeling a bit more in control

Setting a clear, realistic goal can help you stay motivated, even when you’re only saving a little at a time. Why not try our savings tracker in the member portal, set a goal that feels manageable and track your progress, it’s all about taking small, consistent steps. 

4. Try a simple savings challenge

Savings challenges can be a great way to build momentum, especially at the start of the year.

You could try:

•  £1 a day challenge – Save £1 daily and end the year with £365. 
• Putting aside any spare change at the end of the week with the round-up challenge
•  The 1p savings challenge- Start with 1p on day one, 2p on day two and by year-end, you’ll have over £600. 

There’s no “right” way to do it, the best challenge is the one that works for your life and your budget.

5. Use the right savings account for your goal

Different savings accounts suit different goals. Through GWCU you can access:

• Cash ISA – Save tax-free and earn 3.25% AER
• Christmas Saver – Get ahead for next Christmas and ease the stress when December comes around
• Easy Saver – Save what you can, when you can, from as little as £1
• Salary Deduction Savings – If your employer is a partner, you may be eligible for automated salary deduction savings. Check here to see if your employer is listed.

You don’t need to use all of them,  just the one that fits your goal right now.

6. Celebrate progress (and keep it realistic)

Seeing your savings grow can be a real confidence boost. Take a moment to notice the progress you’re making.

And if you have to pause, dip into savings, or start again? That’s okay. Saving isn’t about perfection, it’s about building habits that work for real life.

Saving with purpose

When you save with us, your money doesn’t just help you. It helps others too.

The savings our members build allow us to offer fair, affordable loans to people in our community who need a helping hand. It’s a way of being better off together, supporting yourself while supporting others.

A fresh start that feels doable

This year doesn’t need big, unrealistic resolutions. Starting small, saving when you can, and choosing habits that fit your life is more than enough.

If you’re ready to begin, we’re here to help you save in a way that works for real life. this year and beyond.