1

saving

play
noun sav·ing \ ˈsā-viŋ \

Definition of saving

1 :preservation from danger or destruction :deliverance
2 :the act or an instance of economizing
3 a savings plural :money put by
b :the excess of income over consumption expenditures often used in plural
c :a usually specified lower cost often used in plural
  • a savings of 50 percent

Examples of saving in a Sentence

  1. The new system will provide a saving in labor.

  2. How much money do you have in savings?

  3. She has her savings in stocks.

  4. They were able to retire on their savings.

Recent Examples of saving from the Web

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


2

saving

preposition

Definition of saving

1 :except, save
2 :without disrespect to

Examples of saving in a Sentence

  1. 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


3

saving

conjunction

Definition of saving

Examples of saving in a Sentence

  1. I would be ready, saving the fact that I can't find my missing shoe.

First Known Use of saving

1535

saving Synonyms

Synonyms
but, only, except, yet

Financial Definition of SAVING

saving

What It Is

In economics, savings is the amount that is left after spending. In banking, savings refers to savings accounts, which are short-term, interest-bearing deposits with a bank or other financial institution.

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

play
noun

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

noun sav·ing \ ˈsā-viŋ \

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)


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).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

a strongly worded attack

Get Word of the Day daily email!

Test Your Vocabulary

Merriam-Webster's New Words Quiz—Fall 2017 Edition!

  • young-plant-shoots
  • Which of the following is a new sense of the word bunny?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!