They can help cover future spending or an unexpected expense. Saving does not necessarily mean investing in financial markets.
Savings
In a nutshell
Savings are the portion of income that is not used for immediate consumption and is set aside.
On this page
Explained simply
A practical example
Hypothetical example: setting aside CFA 15,000 from an income of CFA 150,000 represents savings of 10% of income.
Further reading
Source: Insee — Household savings.
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What this means
On CFA 150,000 disposable income, savings represent 10%.
Educational scenarios. Amounts and rates are fictional, not current market conditions.