cost saving
Spending less money
Cost saving refers to a reduction in expenses or the avoidance of unnecessary spending.
As a noun, it names the amount preserved: The new system produced a cost saving of two million dollars annually.
As a modifier, it describes measures designed to reduce expenses: cost-saving measures, cost-saving initiatives.
Often appears in the plural: The layoffs were justified as cost savings.
- budget cutReduction in allocated funds
- bottom lineEssential point or conclusion
- billAmount owed, written
- belt-tighteningReducing expenditures deliberately
- tight budgetSeverely limited funds
streamlining · cutting corners · coupon · efficiency · thrifty · waste reduction · expense tracking · cutback · inventory control · prudence · bulk buying · bang for buck · outsourcing · leftovers · process improvement · cheap · frugal · budgeting
cost savingcost increase
Growth in expense
expense · cost overrun · budget overrun · expenditure · financial loss
cost savingwaste
Unwanted discarded material
extravagance · overspending · wastefulness · profligacy · squandering
cost savingbudget deficit
Spending exceeding revenue
economic loss · resource depletion · money pit · sunk cost · operating loss
save, cost, saving, economy, saved, savings, economical, saves, economize