Pronunciation: [sˈe͡ɪvɪŋz] (IPA) 
The word "savings" is spelled with a "v" instead of a "f" because it comes from the verb "save," which is pronounced with a voiced "v" sound (/seɪv/). In English, voiced sounds are typically spelled with letters that make a soft sound, such as "v," while unvoiced sounds are spelled with letters that make a harder sound, such as "f." Therefore, the correct spelling of this word is "savings" (/ˈseɪvɪŋz/), not "safings."
Savings can be defined as the act of keeping aside a portion of income or money earned for future use rather than spending it immediately. It refers to the practice of setting aside funds for emergency situations, major expenses, long-term goals, or retirement, rather than relying solely on one's current income or borrowing money. Savings can exist in various forms, such as cash deposited in a bank account, investments, or assets that can be easily converted into cash.
The concept of savings is rooted in the principles of financial prudence and planning for the future. By setting aside a portion of their income, individuals and households create a safety net that provides security and peace of mind in case of unexpected expenses or income disruptions. Savings can serve as a buffer during times of economic instability or personal hardships, helping individuals maintain their standard of living and meet financial obligations.
Moreover, savings also enable individuals to achieve specific financial goals over time. Whether it is purchasing a house, paying for education, starting a business, or planning for retirement, having savings accumulations allows individuals to fulfill their aspirations and dreams. Additionally, savings can generate interest or return on investment when placed in interest-bearing accounts or other investment vehicles.
Overall, savings refers to the act of accumulating money or assets over time by controlling expenditure and setting aside income for future needs and financial goals. It plays a critical role in personal finance management, providing financial security, and supporting long-term financial objectives.
Things kept from being wasted or lost; money laid by from time to time.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
* 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.
The word "savings" is derived from the verb "save", which comes from the Middle English word "saven" and the Old French word "sauver". These words are ultimately derived from the Latin word "salvare", meaning "to make safe" or "to save". The term "savings" is used to refer to the money or assets that are set aside or preserved for future use or emergencies.
