Many of us buy on a whim when, say, we see tempting offers online or emotions are running high.

A treat here and there feels harmless. But over time, unplanned spending can eat into your savings.

It sounds like a simple piece of advice, but when the urge to spend comes over us, pause and take some time to think before you buy. Ask yourself, do I really need this, and will it affect my savings goals? If you’re shopping online, leave items in your basket, and give yourself 24 hours before clicking ‘buy’.

You might find the urge passes or by thinking it through, find a way to buy the item without impacting your overall savings goals.

Some purchases come with hidden costs that only show up after you pay.

For example, a gym membership might look like a bargain. But the price could jump after the intro offer ends. A new car might seem affordable, until you add servicing, insurance, and tax into the mix of costs.

So before making a big purchase, look at the full picture. Think about ongoing fees and consider extra costs that could drain your cash savings.

This will help you feel more in control, and it will prevent nasty surprises further down the line. 

“If money worries feel overwhelming, talk things through with someone you trust. Or you could reach out to a mental-wellbeing charity for free, confidential help. Sharing the load is often the first step to feeling back in control.”

Understanding your own patterns makes it easier. It’ll help you spend with intention rather than impulse.

Using your savings for something fun feels wonderful. But it’s important to leave a safety net for life’s twists and turns.

An emergency fund gives you peace of mind that you can cover the unexpected. Think boiler breakdowns or car repairs, which can affect anyone, at any time.

The Financial Conduct Authority’s 2024 Financial Lives survey (FCA) found one in 10 UK adults have no savings at all. Over one in five (21%) have less than £1,000 set aside for emergencies¹.

Even setting aside a small amount each month helps. It builds a buffer to protect you from financial stress.

At Coventry Building Society, we know saving can be difficult. But starting small and being consistent could help you build a safety net.

It’s easy to drift into spending without clear goals. But it can feel difficult to save when you don’t have a focus.

So, think about what you truly value. Is it making memories with loved ones? Improving your comfort at home? Supporting your children or grandchildren?

You might want to go on a once-in-a-lifetime holiday or make some home improvements. It’s these clear goals that keep you motivated.

When you know what matters most, your spending decisions will reflect your priorities. And when you use your savings for something that matters to you, every pound feels well spent.

We understand that your money represents your plans, hopes, and memories. That’s why we're here to help you feel confident. Your savings should support the life you want.

You might be putting money aside for joyful sunny day moments or building a safety net for the unexpected. Whatever your savings goals, our range of savings accounts can help you grow your funds at a pace that suits you.

So, when the time comes to spend, you’ll know it’s the right decision for you.