5 Money Moves for October: Savings, Budgeting and Everyday Spending

As the seasons change and we head deeper into autumn, October is a great time to take stock of your money. The back-to-school rush has passed, and the festive season isn’t far away. That makes this the perfect moment to check in on your budget, strengthen your savings, and get ahead before year-end expenses arrive.

1. Review Your Budget Before the Holidays

October is a natural checkpoint for your spending. Look back over the past few months and see where your money has gone. Are there areas where costs have crept up, like energy bills or food shopping? Making small adjustments now can free up cash before holiday spending kicks in.

Tip: Write down your main monthly expenses and compare them to your income. Even a quick review helps you spot places where you can cut back.

2. Start Building a Festive Savings Pot

With Christmas just around the corner, setting aside money now can ease the pressure later. Even putting away £10–£20 a week in October means you’ll have a handy pot ready for presents, travel, or family meals in December.

Tip: If possible, keep this money in a separate savings account or digital wallet so you’re less tempted to dip into it.

3. Watch Out for Seasonal Costs

October often brings higher heating bills and more indoor activities. It’s easy for costs to rise without noticing. A simple trick is to check your direct debits and subscriptions—are you paying for services you no longer use? Cancelling even one or two can give you extra breathing space.

4. Make the Most of Offers and Discounts

Shops start rolling out autumn sales and early Black Friday deals this month. While it can be tempting to splurge, plan your purchases ahead. If there’s something you truly need, October can be a smart time to buy at a lower price.

Tip: Keep a short list of items you actually need, and stick to it when sales begin.

5. Keep Your Emergency Fund in Mind

Unexpected costs—like car repairs or medical bills—can happen at any time. If you don’t already have one, consider starting an emergency fund, even if it’s just a few pounds each week. Over time, it adds up and provides peace of mind.

October is all about balance—enjoying the season while staying mindful of your money. By reviewing your budget, preparing for seasonal costs, and setting aside small amounts now, you’ll feel more confident and in control as the year draws to a close.