Savings refer to the portion of income that is not spent on immediate consumption and is set aside for future use. This can involve depositing money into savings accounts, purchasing bonds, or investing in other financial instruments. The primary purpose of savings is to provide a financial cushion for emergencies, future purchases, or long-term goals such as retirement or education. Savings can also earn interest over time when deposited in financial institutions, thereby contributing to wealth accumulation. The act of saving emphasizes prudent management of resources and planning for financial stability.
**Finding relief from rising utility costs could be closer than you think.** Many Americans are grappling with high inflation, severely impacting their monthly expenses, especially when it comes to utility…