Savings: meaning, definitions and examples
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savings
[ ˈseɪvɪŋz ]
personal finance
The amount of money that is not spent or used for immediate expenses, but rather kept aside for future use or emergencies. Savings can be stored in a bank account, investment account, or other financial instruments.
Synonyms
Examples of usage
- Her savings allowed her to buy a new car without taking out a loan.
- It's important to have savings to cover unexpected expenses.
economic context
The portion of income that is not spent on consumption. Savings can also refer to the total amount of money saved by individuals, businesses, or governments.
Synonyms
capital accumulation, hoarding
Examples of usage
- High levels of personal savings can indicate a strong economy.
- The government encourages savings by offering tax incentives.
Translations
Translations of the word "savings" in other languages:
🇵🇹 poupança
🇮🇳 बचत
🇩🇪 Ersparnisse
🇮🇩 tabungan
🇺🇦 заощадження
🇵🇱 oszczędności
🇯🇵 貯金 (ちょきん)
🇫🇷 économies
🇪🇸 ahorros
🇹🇷 tasarruf
🇰🇷 저축 (jeochuk)
🇸🇦 مدخرات
🇨🇿 úspory
🇸🇰 úspory
🇨🇳 储蓄 (chǔxù)
🇸🇮 prihranki
🇮🇸 sparnaður
🇰🇿 жинақтар
🇬🇪 დაზოგვა
🇦🇿 qənaət
🇲🇽 ahorros
Word origin
The word 'savings' originated from the Middle English word 'savynge', which came from the Old French 'savoir' meaning 'to know'. The concept of saving money has been around for centuries, with people setting aside resources for future needs or emergencies. In modern times, savings play a crucial role in personal finance and economic stability.
See also: autosave, save, saved, saver, saving, savior, unsaved.