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savings

Meaning in simple English

US /ˈseɪvɪŋz/

savings means: Money you have kept rather than spent, often in a bank.

noun

MONEY KEPTB1

Money you have kept rather than spent, often in a bank.

  • My savings are in the bank.
  • They used their savings to buy a house.
  • Have you put any savings aside for emergencies?

Similar words: nest egg

Common phrases: savings account, life savings, spend your savings

COST REDUCTIONSB2

Amounts of money, time, or other resources that you avoid spending or using.

  • The new lights bring energy savings.
  • We made large savings by buying in bulk.
  • These changes could produce further savings next year.

Similar words: reductions, economies

Common phrases: cost savings, energy savings, make savings

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Phrases with savings

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