SAVING Meaning and
Definition
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Saving, in its most general sense, refers to the act of setting aside or preserving a portion of income or resources for future use, rather than spending it immediately. It involves the deliberate action of accumulating money or assets over time, with the intention of creating a financial cushion or achieving specific financial goals.
Saving can take various forms, including putting money in a bank account, investing in stocks or bonds, purchasing property, or simply holding onto physical cash. These decisions are typically made based on factors such as individual preferences, risk tolerance, and long-term objectives.
Saving can serve multiple purposes. Firstly, it establishes a safety net or emergency fund, providing financial security and preparedness for unforeseen events or times of financial strain. Moreover, saving enables individuals to achieve their long-term goals, like buying a house, funding education, starting a business, or attaining financial independence and retirement. It can also serve as a means of wealth creation, as saved funds can be invested in order to generate additional income or yield.
Successful saving requires discipline, budgeting, and controlling impulse purchases. It involves maintaining a positive difference between income and expenditure, and often necessitates making sacrifices in the present to ensure financial stability and desired future outcomes.
In summary, saving is the process of setting aside a portion of income or resources over time, with the purpose of establishing financial security, achieving specific goals, or generating additional wealth through investment.
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• Frugal; not lavish; that secures everlasting salvation; incurring no loss; securing from loss or damage.
• Something kept from being expended or used unnecessarily; that which is saved.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for SAVING *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for SAVING
Etymology of SAVING
The word saving is derived from the Old French word sauver, which ultimately comes from the Latin word salvare. Both words mean to save or to rescue. The Latin word salvare is derived from salvus, meaning safe or sound. It also has connections to the Proto-Indo-European root *sol-, meaning whole or healthy. Over time, sauver was anglicized into save, while sauver itself was borrowed into English, leading to the formation of saving.
Idioms with the word SAVING
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a saving grace
The idiom "a saving grace" refers to a positive or redeeming quality or aspect of a person, situation, or thing that brings some relief, hope, or improvement despite its overall negative or challenging nature.
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saving grace
The idiom "saving grace" refers to a positive or redeeming quality or characteristic of a person, situation, or thing that helps offset or outweigh the negative aspects or shortcomings. It is something that prevents a situation from being completely bad or a person from being completely flawed.
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saving grace, a
The idiom "saving grace" refers to a redeeming or positive quality or characteristic of a person, thing, or situation that helps to offset or compensate for other negative aspects. It is something that prevents a situation from being entirely negative or unbearable.
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in the interest of saving time
The idiom "in the interest of saving time" means to do something in order to minimize the amount of time required or to expedite a process, usually for efficiency or convenience purposes. It suggests that the action being taken is intended to prevent wasting time and increase productivity or expedite an outcome.
Similar spelling words for SAVING
Conjugate verb Saving
CONDITIONAL
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would save
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FUTURE
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FUTURE PERFECT
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PAST
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PAST PERFECT
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PRESENT
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save
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save
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PRESENT PERFECT
I
have saved
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am saving
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would have saved
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