Saving
Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in a bank or pension plan. Saving also includes reducing expenditures, such as recurring costs. In terms of personal finance, saving specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is higher.
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Famous quotes containing the word saving:
“The putting into force of laws which shall secure the conservation of our resources, as far as they may be within the jurisdiction of the Federal Government, including the more important work of saving and restoring our forests and the great improvement of waterways, are all proper government functions which must involve large expenditure if properly performed.”
—William Howard Taft (1857–1930)
“You begin saving the world by saving one man at a time; all else is grandiose romanticism or politics.”
—Charles Bukowski (1920–1994)
“The American people is out to get the kaiser. We are bending every nerve and every energy towards that end; anybody who gets in the way of the great machine the energy and devotion of a hundred million patriots is building towards the stainless purpose of saving civilization from the Huns will be mashed like a fly. I’m surprised that a collegebred man like you hasn’t more sense. Don’t monkey with the buzzsaw.”
—John Dos Passos (1896–1970)