Personal savings refers to the money that individuals set aside for future expenses or emergencies. This can include things like a savings account at a bank, a money market account, or a certificate of deposit. Continue Reading Below
Personal savings refers to the money that individuals set aside for future expenses or emergencies. This can include things like a savings account at a bank, a money market account, or a certificate of deposit. Personal savings are important because they provide individuals with a financial cushion in case of unexpected expenses or income disruptions.