Saving is
income not spent, or deferred
consumption. Methods of saving include putting money aside in, for example, a
deposit account, a
pension account, an
investment fund, or as
cash. Saving also involves reducing expenditures, such as recurring
costs. In terms of
personal finance, saving generally specifies low-risk preservation of money, as in a
deposit account, versus
investment, wherein risk is higher; in
economics more broadly, it refers to any income not used for immediate consumption.