Personal Savings

Personal Savings

Money that an individual has put away for non-immediate use. For example, one may utilize personal savings to save funds for an expensive purchase, such as a house or a car. In general, it is recommended for one to maintain personal savings to cover three to six months of living expenses.
References in periodicals archive ?
But the introduction of the personal savings allowance means people no longer pay any tax on their savings interest - whether held in an Isa or elsewhere.
The personal savings allowance has meant that, since April 6, 2016, basic rate taxpayers can earn up to PS1,000 in savings income tax-free.
This week, Australian based Fintech startup, SavR Inc, launched a Kickstarter campaign to generate support for the upcoming launch of their personal savings mobile app.
For $5,000 in costs, just 74% said they could use personal savings, and 28% said they could use credit cards.
Blue Ridge Bank was the first bank in the US to offer a prize-linked savings account incentivizing individuals to increase their personal savings.
America's personal savings rate is a fraction of what it once was.
Key measures of Americas' personal savings recorded declines during the past quarter, according to new research.
2 ( ANI ): Thinking about time as a cycle of recurring experiences - like it was shown in the flick 'Groundhog Day' - could help people increase their personal savings, a new research has revealed.
With income rising faster than spending, the personal savings rate rose to
Since the early 1980s the personal savings rate, the fraction of after-tax (or disposable) income households save, has trended downward.

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