answersLogoWhite

0


Best Answer

Saving or caching.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the term for setting aside money for the future?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Which term refers to the money that will need to be spent by each agency?

Budget allocation is the term that refers to the money that will need to be spent by each agency. It involves setting aside specific amounts of money to cover the costs of various activities and operations within the organization.


Which term means to set aside?

The term "reserve" means to set aside for a specific purpose or for future use.


What is the term used for money set aside for expenses?

Savings.


Why is it important to have long time savings?

Saving money over a long period of time has many benefits and can be crucial to expensive foreseeable costs. It's not necessarily the same thing as an emergency fund or vacation money. Instead long term savings tend to be used far far less. Long term savings will help cover expenses that are in the future, such as a wedding or the cost of college. By setting aside money every paycheck or so, into a long term savings fund, you get the benefit of an ever growing stash of funds that will in most cases accrue interest and be available for huge expenses.


Is saving money real?

Yes, saving money is real. It involves setting aside a portion of income for future needs or goals. It's a practical financial habit that provides a safety net, fosters financial stability, and enables individuals to achieve long-term objectives such as homeownership, education, or retirement. If you want to win some money and save for you, you can check out this giveaway: sites. google. com/view/takemoney2500/accueil (Make sure to remove the space from the link)


Which term is defined as the value of a current sum of money at a specified date in the future?

It is called the 'future value' .


Why we treat provison for tax as current liability?

With the process of provision we create the amount and set aside to payment for taxes in future as it is payable in short term future that's why it is called current liability.


What is the word for money used to buy stocks that may provide substantial future profits?

The term used for money that is used to buy stocks that may provide substantial future profits, is capital.


What does PYF mean and why should you do this?

PYF stands for "Pay Yourself First." It is a financial strategy that involves setting aside a portion of your income for savings or investments before paying any other expenses. By prioritizing saving before spending, you ensure that you are building wealth and financial security for your future.


Define the term aside?

a side


What is longterm financing?

Long term finance simply means money that is set aside for achieving goals that may take a long period of time. An example of long term finance may be retirement savings.


Is long term care insurance worth the money?

A long-term care insurance may be worth the money depending on what the policy offers. However, it would be advisable to channel some of the funds to other forms of investments for the future.