saving
Definition of saving
1 : preservation from danger or destruction : deliverance
2 : the act or an instance of economizing
3a savings plural : money put byb : the excess of income over consumption expenditures —often used in pluralc : a usually specified lower cost —often used in plural a savings of 50 percent
Indulge Your Inner Word Nerd
Examples of saving in a Sentence
The new system will provide a saving in labor.
How much money do you have in savings?
She has her savings in stocks.
They were able to retire on their savings.
Recent Examples of saving from the Web
-
Despite the agreement, Carrier is still moving its fan coil production from Indianapolis to Mexico. … Although Trump and Pence have been credited with saving Carrier's Indianapolis factory …
-
Under the bill, health savings accounts could be used to pay premiums with pre-tax money.
-
Jublia and Eucrisa also have savings cards for use at participating pharmacies.
-
Some of the products already available through Alexa include a $50 savings on a Bose Soundlink Bluetooth speaker III, a $20 discount on a Philips Hue Lightstrip Plus, and $6 off Greenies dog treats.
-
The city's decision cited cost savings as the motivation to close the court, though McDermott was critical of Pence's decision to appoint Jorgensen, a former chairwoman of the St. John Republican Committee, to preside over the court.
-
But with Curio there could be a significant savings on those commissions that could help pay for the fees to be part of the Hilton system.
-
Daughter, 8, has been savings up to buy her first Guitar.
-
Designer wedding gowns and wedding party dresses, veils and accessories are offered at substantial savings.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'saving.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of saving
Middle English, from gerund of saven to save
Examples of saving in a Sentence
saving three members, the club is now fully committed to the fund-raising project
Origin and Etymology of saving
Middle English, from present participle of saven
Examples of saving in a Sentence
I would be ready, saving the fact that I can't find my missing shoe.
First Known Use of saving
1535
Financial Definition of SAVING
saving
What It Is
How It Works
There are only two things to do with money: Save it or spend it. For example, let's say John Doe's paycheck is $1,600 every two weeks, or $3,200 a month. His expenses are the following:
Rent: $1,300
Car payment: $450
Student loan payment: $450
Credit card payment: $300
Groceries: $250
Utilities: $75
Cell phone: $75
Gas: $100
Total expenses: $3,000
Because John spends $3,000 of his $3,200 income per month, he saves $200.
If John's expenses are higher than his income, he is not saving; he is living paycheck-to-paycheck. If he gets fired, has an emergency or his company closes in two weeks, he would have little backup.
In banking terms, savings accounts are time deposits, meaning that a bank can require the account holder to give notice before withdrawing the funds or impose a penalty for withdrawal before a specified date. The interest rates on savings accounts vary by institution but are generally lower than interest rates on longer-term deposits, such as CDs or even money market accounts. Interest is usually compounded monthly.
Why It Matters
It is dangerous not to save money. Not only is it financially risky, it creates unnecessary stress. To enable savings, John must reduce his expenses so that they are less than his income, and he should make regular, disciplined deposits into a savings and/or investment vehicle.
Ironically, when a country saves so much money that it hardly spends anything, its economy can suffer. This is called the paradox of thrift, which is an economic theory developed by John Maynard Keynes that states that the more people save, the less they spend and thus the less they stimulate the economy.
It is important to note that the interest rate paid on a savings account may be below the inflation rate, meaning that the account actually might lose purchasing power over time despite the interest earned.
SAVING Defined for English Language Learners
saving
Definition of saving for English Language Learners
-
: an amount of something that is not spent or used
-
savings : the amount of money that you have saved especially in a bank over a period of time
SAVING Defined for Kids
saving
Definition of saving for Students
1 : something that is not spent, wasted, or lost a saving in electricity
2 savings plural : money put aside (as in a bank)
Learn More about saving
-
See words that rhyme with saving Thesaurus: All synonyms and antonyms for saving Nglish: Translation of saving for Spanish speakers Britannica English: Translation of saving for Arabic speakers Britannica.com: Encyclopedia article about saving
Seen and Heard
What made you want to look up saving? Please tell us where you read or heard it (including the quote, if possible).
Writing? Check your grammar now!