Saving is income not spent, or deferred consumption. Saving also includes reducing expenditures, such as recurring costs. In terms of personal finance, saving specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is higher.
This calculator is designed to help you estimate your interest earned and final balance from a monthly savings investment
Savings are assumed to be deposited at the beginning of each month with interest compounded monthly. Results exclude any fees or taxes payable.