Basic Details
Word: Savings
Part of Speech: Noun
Meaning: Money that is not spent and kept for the future.
Synonyms: Funds, reserves, nest egg
Antonyms: Expenditures, spending, waste
Idioms and Phrases
- Save for a rainy day: To save money for future emergencies or unexpected events. Example: "I always keep a little money aside to save for a rainy day."
- Cut back on spending: To reduce the amount of money spent. Example: "Since I want to save more, I need to cut back on spending this month."
Usage Examples
Example 1: She deposited her savings into a bank account to earn interest over time.
Example 2: The family used their savings to go on a holiday together.
Example 3: He was proud to see his savings grow after sticking to a budget for several months.
Fun Fact
The word "savings" comes from the Old English word "sfing," which means to save or keep safe. It's interesting to note that in many cultures, saving money is often taught as a key life skill.
Famous Quote
"Do not save what is left after spending, but spend what is left after saving." Warren Buffet
Multiple Choice Questions (MCQs)
1. What does "savings" mean?
a) Money that is spent
b) Money kept for the future
c) Money used for gifts
d) Money that is borrowed
Answer: b) Money kept for the future
2. Which of these is a synonym of "savings"?
a) Expenditures
b) Nest egg
c) Waste
d) Spent money
Answer: b) Nest egg
3. Which of these is an antonym of "savings"?
a) Funds
b) Reserves
c) Spending
d) Nest egg
Answer: c) Spending
4. Which sentence uses "savings" correctly?
a) My savings are going to buy a new car.
b) I lost my savings when I left the bank.
c) I used all my savings for last week's groceries.
d) I put money in my savings account every month.
Answer: d) I put money in my savings account every month.
5. Which idiom means to save money for unexpected events?
a) Save for a rainy day
b) Cut back on spending
c) Cut corners
d) Time is money
Answer: a) Save for a rainy day
