the.com/savings
future-you's allowance, paid by present-you swallowing a little disappointment now
means Money you've set aside rather than spent, kept for future needs or wants.
from From the verb 'save,' which came into English through Old French 'sauver,' from Late Latin 'salvare' meaning 'to make safe,' rooted in Latin 'salvus,' 'safe' or 'unharmed.' So the original sense of saving is rescue — and tucking money away is, quite literally, keeping it out of harm's way. The noun 'savings,' meaning money preserved, grew naturally from this once people started thinking of coins as something that could be rescued from the jaws of spending.
- word origin
- shares roots with safe and salvation
- interest
- compound growth doubles money via the rule of 72
- behavior
- hidden auto-transfers beat sheer willpower nearly always
- history
- piggy banks come from pygg, a cheap orange clay
- paradox
- if everyone saves at once, economies can shrink
social security trust fund — us government retirement savings program with $2.8 trillion in reserves as of 2023
japan postal savings bank — holds over $1.9 trillion in deposits, historically japan's largest savings institution