savings goal
/ˈseɪvɪŋz ˈɡoʊl/ · sav·ings · goal
noun
- A specific amount of money that an individual aims to save over a certain period of time. She set a savings goal to buy a new car within the next two years.
- A target amount of money that an organization or business aims to save or accumulate for a specific purpose. The company set a savings goal to invest in new equipment and expand its operations.
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Did you know? The concept of savings goals is closely tied to the idea of financial discipline and responsible money management, which is essential for achieving long-term financial stability and security.