1 saving | Definition of saving

saving

noun
sav·​ing | \ ˈsā-viŋ How to pronounce saving (audio) \

Definition of saving

 (Entry 1 of 3)

1 : preservation from danger or destruction : deliverance
2 : the act or an instance of economizing
3a 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

saving

preposition

Definition of saving (Entry 2 of 3)

1 : except, save
2 : without disrespect to

saving

conjunction

Definition of saving (Entry 3 of 3)

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Examples of saving in a Sentence

Noun

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.

Preposition

saving three members, the club is now fully committed to the fund-raising project

Conjunction

I would be ready, saving the fact that I can't find my missing shoe.
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Recent Examples on the Web: Noun

And finally, twenty percent of your income focuses on saving and investing. Kara Stevens, Essence, "4 Money Moves to Make Before Your #HotGirlSummer Comes To A Close," 29 Aug. 2019 Negative rates are a sign that Europe is awash with savings and bereft of plans to put them to use (see article). The Economist, "Germany needs fiscal stimulus. Here’s how to do it," 22 Aug. 2019 In June, the governor said the intent of his vetoes was to balance the state budget in two years without reducing the Permanent Fund dividend, raising taxes or spending from savings. James Brooks, Anchorage Daily News, "Dunleavy backs ‘incomplete’ $1,600 dividend and stands by most of his June budget vetoes," 20 Aug. 2019 The proposed rule would also cut the benefit for families who have savings or assets above a federal limit that many states, including California, currently waive. Jackie Botts, The Mercury News, "Why Californians could bear the brunt of Trump food stamp cuts," 4 Aug. 2019 For wealthier Americans, by contrast, the accounts have become a generous savings and investment tool. oregonlive.com, "High deductibles add to squeeze on middle class America," 4 Aug. 2019 Families have reported going into debt, draining savings and going on public assistance to pay their bills, according to a 2017 study from the Urban Institute. Lindsay Schnell, USA TODAY, "Oregon could soon have nation's most progressive paid family leave law, will the US follow?," 28 July 2019 Three women involved in the saving and preservation of this local landmark — Carole Dougherty, Sue Lazara and Marie Luft — will speak at the Glendale Historical Society’s 40th anniversary celebration this month. Katherine Yamada, latimes.com, "Verdugo Views: 3 volunteers who helped move, restore Doctors House to speak at historical society’s anniversary event," 11 July 2019 The service-focused credit union has a community charter offering loans, savings and checking accounts. John Benson, cleveland.com, "Firefighters Community Credit Union celebrates grand-opening of new Parma branch," 3 July 2019

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.

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First Known Use of saving

Noun

14th century, in the meaning defined at sense 1

Preposition

14th century, in the meaning defined at sense 1

Conjunction

1535, in the meaning defined above

History and Etymology for saving

Noun

Middle English, from gerund of saven to save

Preposition

Middle English, from present participle of saven

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More Definitions for saving

saving

noun

Financial Definition of 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.

Source: Investing Answers

saving

noun

English Language Learners Definition of saving

: an amount of something that is not spent or used
: the amount of money that you have saved especially in a bank over a period of time