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.

Mentioned in

Bootstrap Business
debt management ratio
Earmark
Earmarked Reserves
Financial Institutions Reform, Recovery and Enforcement Act of 1989
financing
FIRREA
Implicit tax
institutional investors
Longevity Risk
Office of Thrift Supervision
personal savings ratio
Savings rate
savings ratio

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