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.
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Mr Osborne said a new personal savings allowance will take 95 per cent of taxpayers out of savings tax altogether, with around 17 million people benefiting.
America's personal savings rate is a fraction of what it once was.
NEARLY two-fifths of people who set up businesses at home have dipped into personal savings to fund shortterm cash requirements for their business.
WASHINGTON, April 22, 2014 /PRNewswire-USNewswire/ -- Former Senator Kent Conrad and former Deputy Commissioner and Chief Operating Officer of the Social Security Administration James Lockhart will co-chair a new Personal Savings Initiative at the Bipartisan Policy Center (BPC).
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.
The good news with the numbers released is that personal savings clearly continues to be a priority for the vast majority of Americans, many of whom are still concerned about the overall state of the economy and their individual financial stability," said Cathy Weatherford, CEO and president of the Insured Retirement Institute (IRI).
The personal savings rate for the United States has been trending down since the 1980s.
It took five long months of renovations and cost $150,000, which came out of her personal savings and money from her family--to get the take-out store in working order.
Personal savings is one option, but there are others, such as purchasing long-term care insurance and tapping the equity in one's home.

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