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/
"savings" picture

Plural Noun

1.

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.
2.

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.
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