saving

[ˈseɪvɪŋ]

saving Definition

• 1. the act of keeping money in a bank account or other investment
• 2. reducing the amount of money, time, or resources used
• 3. an economy of or reduction in money, time, or resources

Using saving: Examples

Take a moment to familiarize yourself with how "saving" can be used in various situations through the following examples!

• Example

  I'm putting all my savings into a retirement fund.

• Example

  The new technology will result in significant savings in time and money.

• Example

  The company implemented a cost-saving measure by reducing employee benefits.

saving Synonyms and Antonyms

Synonyms for saving

• economy
• reduction
• conservation
• preservation
• rescue

Antonyms for saving

• spending
• waste
• expenditure

Idioms Using saving

• a penny saved is a penny earned

  money not spent is money saved

  Example

  My grandfather always told me, 'A penny saved is a penny earned.'

• saving grace

  a redeeming quality that makes something or someone less bad

  Example

  The movie was terrible, but the special effects were the saving grace.

• saving for a rainy day

  putting money aside for unexpected future needs

  Example

  I always try to save some money for a rainy day, just in case of emergencies.

Phrases with saving

• life savings

  all the money that someone has saved over their lifetime

  Example

  She lost her life savings in the stock market crash.

• energy saving

  a reduction in the amount of energy used

  Example

  The government encourages energy-saving practices to reduce carbon emissions.

• time-saving

  a reduction in the amount of time needed to complete a task

  Example

  The new software is a time-saving tool for data entry.

Origins of saving

from Old English 'safnian', meaning 'to make safe'

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Summary: saving in Brief

The term 'saving' [ˈseɪvɪŋ] refers to the act of keeping money in a bank account or other investment, as well as reducing the amount of money, time, or resources used. It can also refer to an economy of or reduction in money, time, or resources. Examples include 'I'm putting all my savings into a retirement fund,' and 'The new technology will result in significant savings in time and money.' Idioms like 'a penny saved is a penny earned' emphasize the importance of saving money, while 'saving for a rainy day' means putting money aside for unexpected future needs.