Definition
Savings.com is a website that offers coupons and promotional savings, known as “deals,” redeemable at nationally recognized merchant web sites and stores. Savings.com sources much of its content from the stores they are affiliated with, members, and their own internal team.
Savings
What are ‘Savings’
Savings, according to Keynesian economics, consists of the amount left over when the cost of a person’s consumer expenditure is subtracted from the amount of disposable income he earns in a given period of time. For those who are financially prudent, the amount of money left over after personal expenses have been met can be positive; for those who tend to rely on credit and loans to make ends meet, there is no money left for savings. Savings can be turned into further increased income through investing in different investment vehicles.
Explaining ‘Savings’
Savings is the amount of money left over after spending. For example, Sasha’s monthly paycheck is $5,000. Her expenses include a $1,300 rent payment, $450 car payment, $500 student loan payment, $300 credit card payment, $250 for groceries, $75 for utilities, $75 for her cellphone and $100 for gas. Since her monthly income is $5,000 and her monthly expenses are $3,125, Sasha has $1,875 left. If Sasha saves her excess income and has an emergency, she has plenty of money to live on while resolving the issue. If Sasha does not save her extra money and her expenses exceed her income, she is living paycheck to paycheck. If she has an emergency, she does not have money to live on and must secure payments for her bills.
Examples of Bank Savings
Bank savings vehicles come with federal insurance up to $250,000 per depositor.
Further Reading
- How expensive are cost savings? On the economics of public-private partnerships – www.econstor.eu [PDF]
- An Empirical Study of Precautionary Savings of Urban and Township Inhabitants in China [J] – en.cnki.com.cn [PDF]
- Economic Growth, Demographic Transition and China's High Savings [J] – en.cnki.com.cn [PDF]
- Village Trust and Bidding Rotating Savings and Credit Associations [J] – en.cnki.com.cn [PDF]
- From global savings glut to financing infrastructure – academic.oup.com [PDF]
- Voluntary savings, financial behavior, and pension finance literacy: evidence from Chile – www.cambridge.org [PDF]
- Savings, investment and the corporation in the East Asian miracle – www.tandfonline.com [PDF]
