saving

noun sav·ing \ ˈsā-viŋ \

|Updated on: 19 Aug 2018

Examples: saving in a Sentence

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

See saving defined for English-language learners

See saving defined for kids

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

The savings from using machine-learning software are often hard to predict.

— The Economist, "Law firms climb aboard the AI wagon," 12 July 2018
Board member Michael Goldman was the lone board member to raise significant concerns about the potential move, questioning whether the predicted savings over the next 20 years would be sizable enough to justify the expense of moving.

— martine powers, Washington Post, "Metro seeks buyer for downtown D.C. headquarters," 12 July 2018
Energy savings is part of the vibe as well as exploring renewable energy options available to homebuyers.

— for lg&e ku, The Courier-Journal, "Be Ready for Big Wows and Amazing Innovations at this Year’s Homearama," 10 July 2018
According to 2016 Lancet study cited in the Times report, universal breastfeeding would prevent 800,000 child deaths across the world every year, as well as yield $300 billion in savings from reduced health care costs.

— amanda arnold, The Cut, "Trump Administration Opposes Major Breastfeeding Resolution," 8 July 2018
If the legislation passes, Netanyahu will be able to retain $2,200 a month in savings from taxes on his home and car.

— Jewish Journal, "Bill to exempt Israeli prime ministers from certain taxes passes first reading," 26 June 2018
Related Boeing on Friday said the joint venture with Embraer would create about $150 million in annual pretax cost savings by its third year.

— robert wall, WSJ, "Airbus Chides Boeing Amid New Rivalry for Smaller Jets," 6 July 2018
The effects are projected to begin in 2020 and to be worth $150 million in pre-tax cost savings by the third year, the companies said.

— bart jansen, USA TODAY, "Boeing strikes deal with Embraer to make regional jets," 5 July 2018
Boeing and Embraer will spend the next few months negotiating details of their agreement, which is expected to close by the end of 2019 and result in $150 million in annual pretax cost savings by its third year, the companies said.

— New York Times, "Boeing Takes On Bombardier and Airbus With Embraer Deal," 5 July 2018

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

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First Known Use: 14th century

in the meaning defined at sense 1

See Words from the same year

saving

preposition

Definition of saving

1 : except, save

2 : without disrespect to

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

NEW! Time Traveler

First Known Use: 14th century

in the meaning defined at sense 1

See Words from the same year

saving Synonyms

Synonyms

apart from, aside from, bar, barring, beside, besides, but, except (also excepting), except for, excluding, exclusive of, other than, outside, outside of, save;

saving

conjunction

Definition of saving

: except, save

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

in the meaning defined above

See Words from the same year

NEW! Time Traveler

saving Synonyms

Synonyms

but, except (also excepting), only, yet;

Financial Definition of SAVING

saving

noun

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.

Source: Investing Answers