Tooltip Tags: family economy

saving bank

Financial institution whose primary purpose is accepting savings deposits. In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original

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saving scheme

Program designed to encourage savings through small but regular deposits or automatic deductions from salaries or wages. (Read more: http://www.businessdictionary.com/definition/savings-scheme.html#ixzz30a33gnle)

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savings

The portion of disposable income not spent on consumption of consumer goods but accumulated or invested directly in capital equipment or in paying off a

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purchasing power

The amount of goods or services that can be purchased with a unit of currency. (source: http://en.wikipedia.org/wiki/Purchasing_power) Money and credit available for spending and consumption

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personal budget

A finance plan that allocates future personal income towards expenses, savings and debt repayment. (source: http://en.wikipedia.org/wiki/Personal_budget)

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over-indebted household

One whose existing and foreseeable resources are insufficient to meet its financial commitments without lowering its living standards, which has both social and policy implications

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need

The fact or an instance of feeling the lack of something. (source: http://www.wordreference.com/definition/need)

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incentivize savings

The tax deduction promoted by governments in its economic policies to encourage household savings such as pension plans.

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household income

Total income from all people living in a particular household. Income refers not only to the salaries and benefits received but also to receipts from

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