savings

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savings

She deposits a portion of her paycheck into her savings every month.

Definition
  1. Noun:
    • Money saved: The plural noun "savings" refers to money that has been saved or set aside, typically over a period of time, for future use rather than being spent immediately.
    • A reserve fund: It denotes a fund or sum of money accumulated and held as a financial reserve.
Usage
  • "Savings" is used as a plural noun. It refers to the total amount of money one has saved.
  • It is commonly used with verbs like , , , , , and .
  • It is often modified by possessive adjectives (e.g., , , ) or by phrases indicating purpose (e.g., , ).
Examples
  • Noun:
    • She keeps her savings in a high-interest account.
    • We used our savings to pay for the car in full.
    • It's important to start building your savings early.
Advanced Usage
  • "Savings" as an attributive noun: Used before another noun to describe its purpose or type.

    • They opened a savings account at the bank.
    • The government offers a savings bond program.
  • "Savings" in economic contexts: Can refer to the aggregate level of saving within an economy.

    • National savings rates have increased this quarter.
Variants and Related Words
  • Save (verb): To keep money for future use; to avoid wasting something.
    • I try to save a portion of my salary every month.
  • Saver (noun): A person who saves money.
    • He is a diligent saver.
  • Saving (noun, singular): An act of saving or an instance of economizing. Often used in the plural form "savings" for money.
    • Buying in bulk resulted in a significant saving. (Here, it means a reduction in cost.)
Synonyms
  • Nest egg: A sum of money saved for the future.
  • Reserves: Money or assets kept available for use.
  • Stash: A secret store of something, often money (informal).
Related Phrases
  • Rainy day savings: Money saved for future emergencies or unforeseen needs.
    • This fund is my rainy day savings; I don't touch it unless absolutely necessary.
  • Life savings: The total amount of money a person has saved over their lifetime.
    • He invested his life savings into starting the business.
Idioms
  • Pinch pennies / Scrimp and save: To be extremely frugal in order to save money.
    • They pinched pennies for years to build up their savings.
  • Break into one's savings: To start using saved money, often reluctantly.
    • I had to break into my savings to cover the emergency repair.
savings

She deposits a portion of her paycheck into her savings every month.

Noun
  1. a fund of money put by as a reserve