Savings Category
Savings represent the portion of income that individuals or households set aside rather than spend immediately, serving as a financial cushion for future needs or emergencies. They contribute to building wealth, funding large purchases, and achieving long-term goals such as homeownership or retirement. Effective savings strategies often involve regular contributions to accounts like savings accounts, certificates of deposit, or investment funds that offer interest or returns. Maintaining a consistent savings habit enhances financial security and stability over time.