Savings Meaning and Definition

Pronunciation

/ˈseɪvɪŋz/ 🔊

Part of Speech

Noun

Definition

A sum of money set aside for future use, typically for a specific purpose or goal, such as retirement, education, or a down payment on a house.

Examples

• She’s been diligent about building up her savings for years.
• He’s been saving up for a down payment on a new home.

Synonyms

• Worth
• Reserve

Antonyms

• Debt
• Expenditure

Etymology

The word “Savings” originated from the Old French word “savoir,” meaning “to know” or “to understand,” and has been in use since the 14th century.

Usage Notes

Savings is often used in the context of personal finance, investing, or business. It can also be used to describe a reserve of resources, such as fuel or materials.

Cultural References

The concept of savings is featured prominently in various forms of media, from financial advice books to films like “The Millionaire Next Door.”

Idiomatic Expressions or Phrases

• “Save for a rainy day”
• “Put away for a nest egg”

Related Words or Phrases

• Income
• Expense
• Investment

Collocations

• “Savings account”
• “Savings plan”

Frequency of Use

The word “Savings” is commonly used in everyday conversation and financial literature, ranking high in the frequency of usage.

Common Misspellings

• Savngs
• Saveings