How To Save For Major Purchases In 2025 In Today’s Rate Environment

Saving for big dreams—a house, car or wedding—doesn’t mean surviving on ramen, but it does take thoughtful planning. Inflation is driving up costs, so being a savvy saver is crucial.

Start by watching your savings and debt: through high-yield savings accounts, which currently pay close to 5%, reducing credit card debt, with APRs higher than 23%, is a good first step toward reaching your financial goals.

Juggling multiple savings goals? Balance is key.

Save 20% for a new car or 10% for a used one, but don’t ignore other dreams—small contributions keep progress alive. It’s about momentum, not perfection. Let’s dive in.

How To Save For Major Purchases In 2025 In Today’s Rate Environment