saving plan
nounUK /ˈseɪvɪŋ plæn/
US /ˈseɪvɪŋ plæn/
A saving plan is a way to keep money safe so you can use it later.
She made a saving plan to buy a new bike next summer.
RELATED WORDS
OTHER MEANINGS
2. A regular schedule for putting money aside, often set up by a bank or company.
He joined a monthly saving plan at the bank.
3. A financial product where you pay money in regularly to reach a goal.
The holiday saving plan lets you deposit a little each week.
4. A personal strategy for spending less and storing more money.
Their saving plan helped them pay for the trip without borrowing.