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- DictionarySav·ing/ˈsāviNG/
noun
- 1. an economy of or reduction in money, time, or another resource: "this resulted in a considerable saving in development costs"
- 2. the money one has saved, especially through a bank or investment plan: "the agents were cheating them out of their life savings"
adjective
- 1. preventing waste of a particular resource: "a fuel-saving vehicle"
preposition
- 1. with the exception of; except.
- 2. with due respect to. archaic
Learn the various meanings and uses of the word saving as a noun, preposition, and conjunction. See synonyms, examples, etymology, and related phrases of saving.
- What Are Savings?
- Understanding Savings
- Types of Savings Accounts
- How to Calculate Your Savings Rate
- Savings vs. Investing
- Savings FAQs
Savings refers to the money that a person has left over after they subtract out their consumer spending from their disposable incomeover a given time period. Savings, therefore, represents a net surplus of funds for an individual or household after all expenses and obligations have been paid. Savings are kept in the form of cash or cash equivalents...
Savings comprise the amount of money left over after spending. People may save for various life goals or aspirations such as retirement, a child's college education, the down payment for a home or car, a vacation, or several other examples. Savings may commonly be earmarked for emergencies. For example, Sasha’s monthly paycheck is $5,000. Expenses ...
There are different types of savings accounts offered by banks that come with different features or limitations. Note that all bank savings vehicles come with Federal Deposit Insurance Corporation (FDIC)of up to $250,000 per depositor per institution.
One's savings rateis the percentage of disposable personal income that is kept rather than spent on consumption or obligations. Say that your net income is $25,000 a year after taxes (i.e., your disposable income) and over the course of the year you also spend $24,000 in consumption, bills, and other expenditures. Your total savings are $1,000. Div...
People sometimes use the words savings and investinginterchangeable, for instance saving for retirement in a 401(k) plan, but this usage is technically incorrect. Retirement "saving" is more accurately investing, since money put away in these accounts is used to purchase securities such as stocks, bonds, and mutual funds. When money is invested, it...
What Is the Meaning of Savings?
Savings simply refers to the money you've earned that is left over after all of your spending and other expenses have been completed.
What Are the Types of Savings?
Savings is essentially cash, so there is only one type of savings in that respect. However, you can choose to keep your cash savings in various places, such as under the mattress or in a bank account. Bank accounts offer several types of savings products from standard deposit accounts to checking and money market accounts or CDs.
How Much Will $1,000 in Savings Grow in a Year?
It depends where you keep the savings. If it is literally under the mattress, you'll have exactly $1,000 a year from now (and it may be worth "less" due to inflation). If you put your money into a high-yield savings account (currently paying around 0.87% annually as of May 2022, you'd earn $8.70 after 12 months. A one-year CD may pay slightly more, say 0.96%, but your money will also be locked up for the entire 12 months, after which time you'd earn $9.60.
- Julia Kagan
Learn the definition of saving as a noun and a suffix, and how to use it in different contexts. Find examples, synonyms, translations and related words for saving.
Save is a verb that means to deliver from sin, rescue, or danger, to preserve or guard from injury, destruction, or loss, to store data in a computer or on a storage device, or to put aside money or time. It can also be a noun that means a play that prevents an opponent from scoring or winning, or the action of a relief pitcher in baseball. See synonyms, examples, etymology, and more.
saving. noun. /ˈseɪvɪŋ/. /ˈseɪvɪŋ/. [countable] an amount of something such as time or money that you do not need to use or spend. saving of something Buy three and make a saving of 55p. saving on something With the new boiler you can make big savings on fuel bills.
Saving is income not spent, or deferred consumption. In economics, a broader definition is any income not used for immediate consumption. Saving also involves reducing expenditures, such as recurring costs. Methods of saving include putting money in, for example, a deposit account, a pension account, an investment fund, or kept as cash.
noun. a reduction or lessening of expenditure or outlay: a saving of 10 percent. something that is saved. savings, sums of money saved by economy and laid away. Law. a reservation or exception. See more. preposition. except: Nothing remains saving these ruins. with all due respect to or for: saving your presence. conjunction. except; save.
