At American State Bank, we believe that small financial changes can add up to big results — especially when it comes to saving money. Whether you’re working toward a big goal like buying a home, planning for retirement, or just trying to keep up with rising costs, there are plenty of ways to stretch your budget and build a stronger financial future.

In honor of Financial Literacy Month, here are seven smart ways to save more money in 2025 — from simple everyday habits to bigger financial moves that could put extra cash back in your pocket.

1. Try a No-Spend Month

A no-spend month challenges you to cut out all non-essential spending for 30 days. That means no impulse buys, unnecessary takeout, or online shopping. Instead, focus on using what you have, meal planning, and making do with free or low-cost entertainment.

Not only does this help reset your spending habits, but you’ll be amazed at how much extra money you have at the end of the month!

2. Review Your Subscriptions

Streaming services, monthly memberships, and app subscriptions can sneak up on your budget. Take a few minutes to:

  • Check your bank or credit card statements for recurring charges
  • Cancel subscriptions you don’t use or need
  • Switch to a lower-tier plan if possible

Many families spend hundreds a year on subscriptions they forgot about — that’s money better spent on savings!

3. Buy Generic and Store Brands

Name-brand products often cost more simply because of the label. Whether it’s groceries, medications, or household supplies, opting for generic brands can cut your bill by 20-30% without sacrificing quality.

Next time you shop, do a side-by-side comparison. Many store brands are made by the same manufacturers as name-brand products!

4. Shop for Better Insurance Rates

When was the last time you checked your insurance policies? Auto, home, and even health insurance rates can change from year to year. Take time to:

  • Compare quotes from different providers
  • Ask about discounts for bundling policies
  • Review your coverage to make sure you’re not paying for extras you don’t need

You could save hundreds of dollars a year just by making a simple phone call.

5. Carpool, Walk, or Use Public Transportation

Gas prices, vehicle maintenance, and insurance costs all add up. If you can cut down on driving, you can save significantly. Try:

  • Carpooling to work a few times a week
  • Walking or biking for short trips
  • Using public transportation if available

Even reducing your mileage by one tank of gas per month can put an extra $50–$100 in your pocket.

6. Open a High-Yield Savings Account

If your money is sitting in a low-interest savings account, you’re missing out. A high-yield savings account earns more interest over time, helping your money grow faster.

American State Bank offers savings options that keep your funds secure and growing while giving you easy access when you need it. Check out our savings accounts here.

7. Set a Specific Savings Goal

People save more when they have a clear goal in mind. Whether it’s a vacation, a new car, or building an emergency fund, decide:

  • How much you need
  • How long you have to save
  • How much you can set aside each month

Even small contributions add up over time, and watching your savings grow will keep you motivated!

Start Saving Smarter with American State Bank

We’re here to help you make the most of your money with local expertise, trusted banking tools, and a commitment to your financial success. Whether you need a savings account, budgeting advice, or just a hometown bank you can trust, we’ve got you covered.

Visit American State Bank today to start building your financial future!

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