Adopting this simple daily habit could help you save money

This is why Brits are being urged to start incorporating this one simple habit into their every day routine to help them save more.

Starling Bank has revealed that checking your bank balance daily is linked to better financial outcomes.

Research found that the 43% of us who check our balance daily save more frequently than the majority who don’t.

Adopting this simple daily money habit could help your savings – and it’s free (Image: NQ)

It was also revealed that daily checkers in the UK save more money, more frequently, and stick to their financial resolutions for longer. 

They are also said to be more confident about their finances and have firmer plans on how they’ll save and spend.

Vicky Reynal, a financial psychotherapist, said that by making checking your bank account balance every day a habit, it removes the emotional energy of the process.

Vicky said: “Habits are powerful because they operate beneath the level of willpower. 

“Once something becomes a habit, you don’t have to summon the emotional energy to do it each time. 

“This is especially true when it comes to money.”

Becca Stroud, a personal finance expert at Starling bank said we should be checking our bank account balance daily, just like we aim to get 10,000 steps in a day.

Becca said: “We’re told to walk 10,000 steps, get eight hours sleep and eat five portions of veg a day, now we want to get Britain checking their bank balance once a day.

“This daily habit can help keep us financially fit and ensure we get the most from our money.

“Our findings reveal a big financial gap between those who regularly check their balance and those who don’t. 

“It could be that the simple habit of engaging with your bank balance means you’re more likely to engage with your wider financial goals too.

51% of people don’t check their balance daily because they prefer to keep a mental budget instead, Stirling research revealed.

A third of non-daily checkers say their bank accounts automate their bills for them and 14% say it doesn’t occur to them to check

Alongside this 7% said financial anxiety is a factor which causes them not to check their account daily.

Becca said: “Money is a highly emotional subject, and your bank can provide support if you’re feeling anxiety about your balance.

“But our research suggests that many people aren’t checking their balance frequently because they don’t think to do so – despite the benefits it could bring to their wider financial health.”