Meaning of the word "save on" in English

What does "save on" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

save on

US /seɪv ɑn/
UK /seɪv ɒn/

Phrasal Verb

to reduce the amount of money, time, or effort spent on something

Example:
You can save on electricity by turning off lights when you leave a room.
We need to find ways to save on our monthly expenses.