What is Saving?

What is Saving?

Saving is to not use something now, intending to use it in the future. In money terms, saving is income not spent or deferred consumption. It’s calculated by taking income minus expenses. So, if monthly income was $2,000 and expenses were $1,800, the savings would be $200. When I think of saving, I think of setting money aside for one of the three types of savings: emergency, goal, and irregular

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