Saving
Setting income aside now so it can be spent, invested, or held for a purpose later instead of today.
Saving is a behavior, not an account. The account is only where the saved money is kept, and choosing that account is a separate decision.
Often Confused With
- Income
- Income is money arriving; saving is the share of that money you keep back.
Taught In
See Also
3.1.A.2 · 3.1.C.1