Savings can mean either
- A reduction in cost, that is, something was $50 off.
- Something that is put away, e.g., $50 was saved in bank account.
There is a substantial difference between these two meanings:
Suppose you have $50. You could
- Spend it on a $100 item that was $50 off for a savings of $50.
- Put the $50 in a bank account
In both cases, you have saved $50, but in the latter case, you actually have $50, whereas in the former you have $0.
Originally posted 2009-06-28 04:58:24.