- What is savings money?
- Is it saving or savings?
- What is the plural of saving?
- What is an example of saving?
What is savings money?
Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately.
Is it saving or savings?
Saving refers to an activity occurring over time, a flow variable, whereas savings refers to something that exists at any one time, a stock variable. This distinction is often misunderstood, and even professional economists and investment professionals will often refer to "saving" as "savings".
What is the plural of saving?
savings [plural] : the amount of money that you have saved especially in a bank over a period of time.
What is an example of saving?
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.