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Expense vs Savings - What's the difference?

expense | savings |

As nouns the difference between expense and savings

is that expense is a spending or consuming. Often specifically an act of disbursing or spending funds while savings is that which has been saved, particularly money that has been set aside for the future.

As a verb expense

is to charge a cost against an expense account; to bill something to the company for which one works.

expense

English

Noun

(wikipedia expense) (en noun)
  • A spending or consuming. Often specifically an act of disbursing or spending funds.
  • She went to great expense to ensure her children would get the best education.
    Buying the car was a big expense , but will be worth it in the long run.
    We had a training weekend in New York, at the expense of our company.
  • * , Sonnet 44:
  • Husband nature's riches from expense .
  • That which is expended, laid out, or consumed. Sometimes with the notion of loss or damage to those on whom the expense falls.
  • Jones reached the final at the expense of Jones, who couldnĀ“t beat him.
  • (obsolete) Loss.
  • * , Sonnet 30:
  • And moan the expense of many a vanished sight.

    Synonyms

    * (that which is expended) cost, charge, outlay, disbursement, expenditure, payment

    Derived terms

    * expense account

    Verb

  • To charge a cost against an expense account; to bill something to the company for which one works.
  • It should be acceptable to expense a business lunch with a client.

    Derived terms

    * expense magazine, (Military):'' a small magazine containing ammunition for immediate use. - Henry Lee Scot ''Military Dictionary ----

    savings

    English

    Noun

    (-)
  • That which has been saved, particularly money that has been set aside for the future.
  • The collapse of Enron wiped out the life savings of many people, leaving them poor in their retirement.
  • English plurals
  • Derived terms

    * life savings

    Antonyms

    * (that which has been saved) dissavings