Saving money is the practice of setting a portion of one’s income or earnings aside for future use. It involves intentionally reducing expenses, setting financial goals, and making conscious decisions about spending habits.

Saving money can help individuals and families achieve financial stability, build emergency funds, make large purchases, pay off debt, and invest for the future. Some common strategies for saving money include creating a budget, automating savings, using coupons or discount codes, reducing unnecessary expenses, and finding ways to earn extra income.