8 Hidden Savings Programs Most Americans Don’t Know Exist

Many people look for new ways to save money but overlook programs already available to them. From government incentives to employer perks, there are several underused opportunities that can quietly boost your savings each year. Here are eight hidden programs that could put extra money back in your pocket if you know where to look.

State Utility Assistance Programs

Many states offer programs that reduce electricity, gas, or water bills for qualifying households. Even middle-income families can sometimes benefit, depending on energy costs and usage. Contact your local utility company or visit your state’s public utilities commission website to see what’s available in your area.

Health Savings Accounts (HSAs)

If you have a high-deductible health plan, you may qualify for an HSA, which lets you save pre-tax money for medical expenses. The best part is that unused funds roll over year after year and can even grow through investments. HSAs reduce taxable income while preparing you for future health costs.

Tax-Free Commuter Benefits

Some employers offer commuter programs that let you pay for parking or public transportation with pre-tax dollars. Even if you only commute a few days a week, the savings can add up to hundreds annually. Ask your HR department if your company participates in this IRS-approved benefit.

Employer Lifestyle Reimbursement Funds

Beyond traditional benefits, some companies now offer lifestyle stipends for wellness, home office expenses, or family support. Employees often overlook these perks because they’re buried in HR portals. A quick check of your benefits page could uncover reimbursements for gym memberships, internet bills, or even childcare.

Local Property Tax Relief Programs

Many cities and counties have property tax breaks for seniors, veterans, or low-income homeowners, but they are not always widely advertised. Check with your local tax assessor’s office to see if you qualify. Even a small reduction can make a big difference over time.

Bank Account Reward Programs

Some banks offer cash rewards or higher interest rates for using direct deposit, paying bills online, or maintaining a specific balance. Others provide rebates for debit card purchases. Reviewing your bank’s promotions or loyalty programs could reveal easy ways to earn back a little extra each month.

Grocery Rebate and Store Reward Apps

Retailers and grocery stores often have in-app rewards that automatically apply discounts or cashback without clipping coupons. Apps like Ibotta, Fetch Rewards, and Rakuten turn regular purchases into small savings that add up quickly. Many users save $100 or more per year with little effort.

College Savings Matching Programs

Several states match contributions to 529 college savings plans for families who meet income requirements. Even if you’re saving modestly, these matches act as free money toward your child’s education. Visit your state’s 529 plan website to check eligibility and see how to claim your match.

Making the Most of Hidden Benefits

You do not need to overhaul your finances to find extra savings. Many opportunities are already available through your employer, local government, or even your utility provider. Taking an hour to explore these overlooked programs could help you save hundreds—or even thousands—every year.

This article first appeared on Cents + Purpose.