Looking for synonyms for save money? We’ve got you covered!
Here’s a list of other ways to say save money.
- Economize
- Cut Costs
- Conserve Funds
- Reduce Expenses
- Budget
- Set Aside Funds
- Accumulate Savings
- Retrench
- Be Frugal
- Curb Spending
- Hoard Money
- Pinch Pennies
- Scrimp
- Skimp
- Stash Away Cash
Want to learn how to say save money professionally? Keep reading for examples and use cases.
1. Economize
“Economize” is used when referring to the overall reduction of spending or costs, often in both personal and business finances.
Example: “The company decided to economize on travel expenses by opting for virtual meetings.”
2. Cut Costs
“Cut Costs” is a straightforward term for reducing expenses, typically in a business context to improve profitability.
Example: “To maintain our competitive edge, we need to cut costs in non-essential departments.”
3. Conserve Funds
“Conserve Funds” implies careful and strategic management of money to avoid unnecessary expenditure.
Example: “Due to the economic downturn, the firm is taking measures to conserve funds.”
4. Reduce Expenses
“Reduce Expenses” is a clear and direct approach to lowering costs, often used in both personal and professional financial planning.
Example: “Our financial advisor recommended several strategies to reduce expenses and increase savings.”
5. Budget
“Budget” is often used as a verb, implying the process of creating a plan for spending money wisely.
Example: “To prepare for the upcoming fiscal year, each department is required to budget its resources effectively.”
6. Set Aside Funds
“Set Aside Funds” refers to the act of reserving money for a specific purpose or future need.
Example: “The company has set aside funds for research and development to foster innovation.”
7. Accumulate Savings
“Accumulate Savings” focuses on the gradual collection of money over time, often for future financial security or goals.
Example: “He’s been working diligently to accumulate savings for his retirement.”
8. Retrench
“Retrench” is a formal term often used in business to indicate cutting back on expenses, particularly during difficult financial periods.
Example: “The corporation had to retrench in various areas to withstand the economic crisis.”
9. Be Frugal
“Be Frugal” implies being economical and avoiding wastefulness in spending.
Example: “The new manager is known for being frugal and has significantly reduced office waste.”
10. Curb Spending
“Curb Spending” suggests taking active steps to control and limit expenditure.
Example: “We need to curb spending this quarter to compensate for the unexpected drop in sales.”
11. Hoard Money
“Hoard Money” implies accumulating money in a reserve, often seen as a more extreme form of saving.
Example: “In uncertain economic times, some businesses may resort to hoarding money as a safeguard.”
12. Pinch Pennies
“Pinch Pennies” is a colloquial term for being very careful with money, often to the point of extreme thriftiness.
Example: “Since the budget cuts, the department has had to pinch pennies to stay afloat.”
13. Scrimp
“Scrimp” suggests being sparing or frugal, often used when savings are achieved by reducing small or non-essential expenses.
Example: “We scrimped on office supplies this month to afford the new software upgrade.”
14. Skimp
“Skimp” implies saving money by only spending the bare minimum, sometimes to the detriment of quality.
Example: “The project team cannot afford to skimp on quality materials if we want to deliver exceptional results.”
15. Stash Away Cash
“Stash Away Cash” is an informal phrase for putting money aside, usually in a savings account or a safe place.
Example: “The company has been stashing away cash to fund its expansion plans.”
