Meaning of the word savings in English

What does savings mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

savings

US /ˈseɪ·vɪŋz/

UK /ˈseɪ.vɪŋz/

money one has saved, especially through a bank or investment plan

Example:

•

She put all her savings into a new house.

•

He has a substantial amount of savings.

Synonym:

funds reserves nest egg capital assets

a reduction in the amount of money, time, or effort spent

Example:

•

Buying in bulk offers significant savings.

•

The new system led to a saving of 10 hours per week.

Synonym:

economy reduction cutback gain benefit