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Getting into a savings habit

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5 ways to get saving

If you're new to saving it can be hard to know where to start, try our 5 ways to get you into the habit.

  1. Create a budget

    Identify opportunities to save by creating a budget, if you don't already have one. We show you how here.

  2. Keep savings separate from regular income

    It's often easier to build up savings if you keep them in a dedicated savings account, and separate them from your everyday banking.

  3. Track your spending

    Use a personal finance or banking app to monitor and track what you spend. Frequent, small purchases soon add up, and you may spot areas to cut back on spending and save more instead.

  4. Save a little and often

    Saving any amount of money, however small, is worthwhile. It can help you get into the habit of saving. You could make saving easier by setting up an automated transfer, from your main bank account into a savings account, for the same day each month. Choose the day you're paid, and you'll save money before you're tempted to spend it.

  5. Compare and save

    Use comparison sites to check if you could be paying less for your household expenses, like utilities, phone, internet or groceries. If you switch to a cheaper deal, try putting the amount you've saved each month into your savings account.

HSBC China offers you a wide range of products and services for savings accounts and time deposits, empowering you to accumulate and manage your wealth with ease for all your future plans.

Learn more about deposit products and offers

Take the next step

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Start planning for the later stages of life.

Young couple looking at mobile phone in front of computer; the image used for types of savings

It's a good idea to have a number of different types of savings. Learn what options you have for different goals.