Definitions and Examples of saving, income
Learn when and how to use these words with these examples!
The act of setting aside money or resources for future use.
Example
He made a saving by buying the product on sale.
Money earned or received, especially on a regular basis, for work or through investments.
Example
Her income from her job allowed her to pay her bills and save for the future.
Key Differences: saving vs income
- 1Saving is the act of setting aside money or resources for future use, while income is the money earned or received, especially on a regular basis, for work or through investments.
- 2Saving is a complementary antonym to expenditure, as it represents the opposite action of spending money, while income is a relational antonym, as it represents the opposite concept of the source of money.
Effective Usage of saving, income
- 1Financial Planning: Use these antonyms to plan and manage personal finances effectively.
- 2Budgeting: Incorporate these antonyms in budgeting to balance income and expenditure.
- 3Investment: Utilize these antonyms to make informed investment decisions and maximize returns.
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Remember this!
The antonyms have distinct nuances: Saving represents the act of setting aside money or resources for future use, while income represents the money earned or received, especially on a regular basis, for work or through investments. Use these words to plan and manage personal finances effectively, balance income and expenditure, and make informed investment decisions.
