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[17 Apr 2010 | No Comment | ]

Saving means income not spent. It requires reducing expenditures, put lesser money on consumption. The method of saving is by putting money aside in a bank or pension plan, deposit or buy business that can generate future return.
“Saving” differs from “savings.” The former refers to an increase in one’s assets, an increase in net worth, whereas the latter refers to one part of one’s assets, usually deposits in savings accounts, or to all of one’s assets. Saving refers to an activity occurring over time, a flow variable, whereas savings …