Savings
Savings refers to a portion of the funds that are not used for consumption or are delayed from consumption and are deposited in a personal account that is opened in a bank and can be used for personal interest after a period of time. Savings include the deposit of money into a bank deposit, or a retirement plan, as well as a reduction in expenditure, such as savings in recurrent expenses. From the point of view of personal financial planning, savings are meant to save money at low risk, such as using a deposit account to accumulate assets rather than investing at higher risk. ...