Saving is putting money aside bit by bit, to make a lump sum. You need to save for a particular goal, like having money for a holiday, a depoist on house, or any emergencies that might crop up. Often saving is taken to mean putting your money into cash products, like bank and building society accounts, and thats how define savings.
but in a country like USA saving is no their priority because they want that every american spend all of they money so that the money in circulation will be the same and avoid the bankruptcies.