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Suppose that owners refill their pet's prescription every month. if the government eliminates all taxes on pet medications, pet owners would receive most of the tax savings
Savings are the cash that are left over after subtracting a person's consumption costs from their available income during a given time frame. The sum of an individual's or family's savings is what remains after all obligations and debts have been paid. Since there is no risk of losing the money, but they also have very low returns, cash or its counterparts (such as bank deposits) are used to keep savings. Through investing, savings can grow, but doing so requires placing money at risk. Savings are the funds that are still available after expenses have been paid. Savings can be made for a number of life goals, including retirement or a child's education expenses.
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