DictionarysavingReduction in cost
noun

saving

An amount of money, time, or effort that does not need to be spent.

Buying in bulk offers a substantial saving on groceries.

Etymology

Saving is formed from save, to preserve or avoid losing. It names resources retained because a cost or expenditure has been avoided.

More examples

  • The new software delivers significant savings in staff time.
  • A ten-dollar saving hardly justifies driving across town.
  • The savings in effort make the extra equipment worthwhile.

Forms

saving · savings

save verb — To avoid spending money, time, or effort.

Similar words

reduction
Any decrease in amount, not necessarily in resources spent.
discount
A price cut, rather than any avoided expense or effort.