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Personal Savings

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

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Encyclopedia Articles

Discover the definition of financial terms related to personal savings.

RRSP Deduction: Definition, Benefits, and Examples Thumbnail

RRSP Deduction: Definition, Benefits, and Examples

SuperMoney Team

Government-Sponsored Retirement Arrangements (GSRAs): Understanding and Maximizing Retirement Savings Thumbnail

Government-Sponsored Retirement Arrangements (GSRAs): Understanding and Maximizing Retirement Savings

SuperMoney Team

Eligible Automatic Contribution Arrangements (EACAs): Definition, Benefits, and Examples Thumbnail

Eligible Automatic Contribution Arrangements (EACAs): Definition, Benefits, and Examples

SuperMoney Team

The Central Provident Fund (CPF): Understanding Its Benefits, Withdrawal Options, and Considerations Thumbnail

The Central Provident Fund (CPF): Understanding Its Benefits, Withdrawal Options, and Considerations

Alessandra Nicole

Cash or Deferred Arrangement (CODA): Definition, How It Works, and Examples Thumbnail

Cash or Deferred Arrangement (CODA): Definition, How It Works, and Examples

Alessandra Nicole

Deferred Profit Sharing Plans (DPSPs): Definition, Benefits, and Implementation Thumbnail

Deferred Profit Sharing Plans (DPSPs): Definition, Benefits, and Implementation

Alessandra Nicole

Annual Addition: What It Is, How It Works, and Contribution Limits Thumbnail

Annual Addition: What It Is, How It Works, and Contribution Limits

Abi Bus

Compound Interest: Definition, Examples, and Benefits Thumbnail

Compound Interest: Definition, Examples, and Benefits

Silas Bamigbola

Retirement Readiness: Definition, Strategies, and Examples Thumbnail

Retirement Readiness: Definition, Strategies, and Examples

Alessandra Nicole

Registered Retirement Income Fund (RRIF): Definition, Features, and Benefits Thumbnail

Registered Retirement Income Fund (RRIF): Definition, Features, and Benefits

Dan Agbo

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Learn About Personal Savings

Thumbnail for Blog Article: What Role Can Alternative Investments Play in Retirement Savings?

What Role Can Alternative Investments Play in Retirement Savings?

Michelle Jones

Thumbnail for Blog Article: Alternatives to Student Loans: Avoiding the Debt

Alternatives to Student Loans: Avoiding the Debt

Sean Bryant

Thumbnail for Blog Article: How to Check FAFSA Status

How to Check FAFSA Status

Lacey Stark

Thumbnail for Blog Article: Are 529 Contributions Tax Deductible In 2026?

Are 529 Contributions Tax Deductible In 2026?

Andrew Latham

Thumbnail for Blog Article: Savings vs. Money Market? Which Account Fits You Best?

Savings vs. Money Market? Which Account Fits You Best?

Jessica Walrack

Thumbnail for Blog Article: How To Open A Savings Account: A Step-By-Step Guide

How To Open A Savings Account: A Step-By-Step Guide

Lacey Stark

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About Personal Savings

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.