Savings goals explained
How you want to save will depend on what stage you’re at in life.
You might be thinking of saving for university, your first car, or a house deposit. If you’ve got a family, you may want to put something aside for the kids, or perhaps you’re thinking about retirement planning.
Whatever your situation, it pays to have a plan.
Setting a savings goal for a holiday
Say you were saving £1,000 for a holiday to Bali. You could save £100 a month for 10 months, or £50 a month for 20 months.
Setting a savings goal for a car
Would you prefer to save up for a £10,000 car, or a £3,000 deposit and finance the rest instead? Whatever your choice, make sure you know all the costs a car has.
Setting a savings goal to buy a house
If you want to buy a £210,000 home in four years’ time, then you might want to save up a 10% deposit (£21,000). That’s £437.50 each month.
How to set a savings goal for retirement
It’s always a good idea to plan for the future you want. Work out how much money you’d need each year once you retire, and what debt you might need to pay off.
How to set a savings goal as a couple
You could both want to save for a wedding, put money away for children, buy a new house. Whatever the goal, a joint savings account could help you get there.
How to set a savings goal as a teenager
The earlier you start saving, the better. Whether that’s through a weekend job or as a content creator, you can squirrel the cash away into a savings account.
Start to save with Round Ups in our app
Our website and app have a host of tools to help you save. For example, Round Ups is fab for automating a bit of your spending. Let's take a look at how Round Ups can help you save every day.
What are Round Ups?
This video shows you what Round Ups are and how they can help automate a bit of your saving. Available to customers with an eligible NatWest current account and instant access savings account.
Savings Goal Tool
Following a plan could make such a difference to how you think about saving. Enter how much you want to save, by when, and our tool will tell you what you need to save each month to get there.
What's the best savings account?
Well, that depends entirely on your savings goals and what you’re comfortable with. Browse our hub to find the perfect account for you.
Budget Calculator
Plan for tomorrow’s goals, today with our budget calculator. Plan your monthly budget for free right down to the last penny.
How to save regularly
Got a goal in mind but struggling to save often? Get the lowdown on how to get into a regular savings habit.