monetary savings

USAGE SUMMARY

The phrase "monetary savings" is correct and usable in written English.
It can be used when discussing the concept of saving money or financial resources, often in the context of budgeting or financial planning. Example: "By switching to a more energy-efficient appliance, you can achieve significant monetary savings on your utility bills."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

For Tide Coldwater, the advertising campaign in the US focused on monetary savings, while in more ecoconscious Europe, it included the message of saving polar bears.

The Guardian

So there's a monetary savings there," he said.

The Guardian

In addition to the monetary savings it offers, corporate housing has lifestyle appeal.

The New York Times

The inclusion of smart grid features such as demand response (DR) and network automation for capacity planning of substation transformers may provide substantial monetary savings.

Electric Power Systems Research

Moreover, the energy retrofit carries with it multiple elements, ranging from monetary savings to personal fulfillment of living greener.

Procedia - Social and Behavioral Sciences

The monetary savings are hard to calculate, Mr. Novich said, but the headaches eliminated have been remarkable.

The New York Times

Many never do the math, analysts say, or they tend to overestimate how much the added miles per gallon translate into actual monetary savings.

The New York Times

Efficient solutions to these problems are much sought after because such solutions could lead to considerable monetary savings and better utilization of the networks.

Computer Communications

Heat recovery and reuse of the condensate water are related to energy and monetary savings gained through decreased use of steam, groundwater pumping, cooling towers, and wastewater processing.

Applied Thermal Engineering

Model simulations use five program designs, two forms of performance (energy savings and monetary savings), and capital requirements to test four hypotheses.

Journal of Cleaner Production

The case study indicates potential facility seasonal energy and monetary savings of 7.3 GWh and $166,000, respectively, with most savings gained through reduced natural gas use.

Applied Thermal Engineering

Expert writing Tips

Best practice

When emphasizing the financial aspect of savings, use "monetary savings" to clearly indicate that you are referring to money saved, rather than other types of savings such as time or effort.

Common error

Avoid using "monetary savings" when the context does not directly involve finances. Overusing the phrase can make your writing sound repetitive and less impactful. Instead, opt for more general terms like "benefits" or "advantages" when discussing non-financial gains.

Linguistic Context

The phrase "monetary savings" functions as a noun phrase, typically serving as the object of a verb or the subject of a clause. As Ludwig AI confirms, it is grammatically sound. It denotes the quantifiable financial gains or reductions in expenses.

Expression frequency: Very common

Frequent in

Science

42%

News & Media

37%

Formal & Business

21%

Less common in

Ludwig's WRAP-UP

In summary, "monetary savings" is a grammatically correct and frequently used noun phrase that denotes financial gains or cost reductions. As Ludwig AI indicates, it is used across diverse contexts, including science, news, and business, to emphasize the financial benefits of particular actions or decisions. While alternatives such as "financial savings" or "cost reductions" exist, "monetary savings" provides specific clarity regarding the financial aspect of savings. It's important to use this phrase appropriately, avoiding overuse in non-financial contexts to maintain clarity and impact.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial savings

Replaces "monetary" with "financial", a more general term for money-related matters.

cash savings

Specifies that the savings are in the form of cash.

cost reductions

Focuses on the reduction of expenses rather than the accumulation of savings.

economic benefits

Highlights the positive economic outcomes resulting from savings.

fiscal economies

Uses more formal language to refer to efficient use of resources.

budget surpluses

Refers to situations where income exceeds expenditure, leading to savings.

profit gains

Emphasizes the increase in profits as a result of saving money.

resource conservation

Highlights the efficient use and preservation of resources, leading to savings.

expense trimming

Focuses on the act of reducing expenditures.

capital accumulation

Refers to the increase in capital assets through savings and investment.

FAQs

What does "monetary savings" mean?

"Monetary savings" refers to the act of saving money or the amount of money saved. It's often used in financial or economic contexts to describe cost reductions or financial gains.

How can I use "monetary savings" in a sentence?

You can use "monetary savings" to describe the financial benefits of a decision or action. For example: "Switching to LED lighting resulted in significant "monetary savings" for the company".

What are some alternatives to "monetary savings"?

Alternatives include "financial savings", "cost reductions", or "economic benefits", depending on the specific context.

Is it redundant to say "monetary savings" since savings generally involve money?

While savings often imply a financial aspect, using "monetary savings" clarifies that the savings are specifically related to money, especially when other types of savings (e.g., time, resources) could be relevant.