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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.

Small Saver Certificates (SSCs): Definition, Benefits, and FAQs Thumbnail

Small Saver Certificates (SSCs): Definition, Benefits, and FAQs

SuperMoney Team

Lottery Bonds: Definition, Mechanics, and Investor Considerations Thumbnail

Lottery Bonds: Definition, Mechanics, and Investor Considerations

Alessandra Nicole

What Are Brokered CDs? Explanation, Pros & Cons Thumbnail

What Are Brokered CDs? Explanation, Pros & Cons

Camilla Smoot

Wedding Saving Accounts: What Are They and How Do They Work? Thumbnail

Wedding Saving Accounts: What Are They and How Do They Work?

Cara Corey

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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.