National Financial Awareness Day!
Monthly Holidays
January  /  February
March  /  April  /  May
June  /  July  /  August
September  /  October
November  /  December

Food Holidays
January  /  February
March  /  April  /  May
June  /  July  /  August
September  /  October
November  /  December

Types of Holidays
Federal Holidays
Hallmark Holidays
International Observ
Major Holidays
Movable Holidays
Nationwide Observ
Proclamation Holidays
State Holidays
Types of Holidays
Unofficial Holidays

Holiday Categories
Animal Holidays
Career Holidays
Craft&Hobby Holidays
Dance Holidays
Drink Holidays
Food Holidays
Fruit Holidays
Game Holidays
Garden Holidays
Health Awareness
Literature Holidays
Personality Holidays
Romantic Holidays
Spooky Holidays
Supernatural Holidays
Weird Holidays

Popular Holidays
Easter
Christmas
Mother's Day
Father's Day
Thanksgiving
Valentines Day
St. Patrick's Day
Halloween Home
Gone-ta-pott.com
"Your Holiday Directory"
Calendar
Store
Home  /  Site Info  /  Feedback Form  /  Terms of Use / Privacy Policy
Our Video Clips  /  Calendar Directory  /  Calendar Store   /  Blog with us  /  Send Greeting Cards  / Thank You!

Copyright 2004 & Up / Gone-ta-pott.com - All rights reserved.
When is National Financial Awareness Day? August 14-
The www.accessmylibrary.com website explains that "National Financial Awareness" Day is a day "established to educate the public in the basic financial principals needed to form the foundation for financially sound practices from early adulthood through retirement."
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Saving in Economics
"In economics, personal saving has been defined as disposable income minus personal consumption expenditure. In other words, income that is not consumed by immediately buying goods and services is saved. Other kinds of saving can occur, as with corporate retained earnings (profits minus dividend and tax payments) and a government budget surplus.

There is some disagreement about what counts as saving. For example, the part of a person's income that is spent on mortgage loan repayments is not spent on present consumption and is therefore saving by the above definition, even though people do not always think of repaying a loan as saving. However, in the U.S. measurement of the numbers behind its gross national product (i.e., the National Income and Product Accounts), personal interest payments are not treated as "saving" unless the institutions and people who receive them save them.

"Saving" differs from "savings." The former refers to an increase in one's assets, an increase in net worth, whereas the latter refers to one part of one's assets, usually deposits in savings accounts, or to all of one's assets. Saving refers to an activity occurring over time, a flow variable, whereas savings refers to something that exists at any one time, a stock variable.

Saving is closely related to investment. By not using income to buy consumer goods and services, it is possible for resources to instead be invested by being used to produce fixed capital, such as factories and machinery. Saving can therefore be vital to increase the amount of fixed capital available, which contributes to economic growth.

However, increased saving does not always correspond to increased investment. If savings are stashed in a mattress or otherwise not deposited into a financial intermediary like a bank there is no chance for those savings to be recycled as investment by business. This means that saving may increase without increasing investment, possibly causing a short-fall of demand (a pile-up of inventories, a cut-back of production, employment, and income, and thus a recession) rather than to economic growth. In the short term, if saving falls below investment, it can lead to a growth of aggregate demand and an economic boom. In the long term if saving falls below investment it eventually reduces investment and detracts from future growth. Future growth is made possible by foregoing present consumption to increase investment. However savings kept in a mattress amount to an (interest-free) loan to the government or central bank, who can recycle this loan.

In a primitive agricultural economy savings might take the form of holding back the best of the corn harvest as seed corn for the next planting season. If the whole crop were consumed the economy would deteriorate to hunting and gathering the next season."
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

See Also:
World Savings Day   • Laugh & Grow Rich Day
National Financial Literacy Month
US National Savings Day
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Resources: This article is licensed under the GNU Free Documentation License. It uses some material from Wikipedia/article  savings © /  and other related pages. Top photo:
International Holidays To Remember!
International Children's Day
International Literacy Day
International Talk Like a Pirate Day
International Day of Older Persons
International Mountain Day
International Forgiveness Day
International Observances
Are you planning a Holiday Party?
Weird Holiday Parties & ideas! / Store
Types of Parties / Theme Parties / High Tea
Party Planning Tips / Gift Giving / Afternoon Tea
Table Setting for Dinner  / Party Food / Birthday
See Also:
How to Retire in Your 30s
How to make money at home with your computer