Savings rate
The share of your income you keep, whether saved or invested, rather than spend.
Topic Saving
Recession
A significant, widespread decline in economic activity lasting months or longer.
Liquidity
How quickly something can be turned into spendable cash without losing value.
High-yield savings account
A savings account that pays far more interest than a standard one, typically at online banks.
Emergency fund
Savings set aside for genuine surprises such as job loss, medical bills, or urgent repairs. Usually 3-6 months of expenses.
Down payment
The upfront portion of a large purchase you pay in cash, with the rest borrowed.