Savings refers to the money that a person has left over after they subtract out their consumer spending from their disposable income over a given time period.

A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs That is why in today´s podcast we will tell you all the basics about this helpful too. Well, let’s get started!