1) "Kennebunk" -- As to kennebunk savings

"Kennebunk" redirects here. For other uses, see Kennebunk (disambiguation).

Kennebunk is a town in York County, Maine, United States. The population was 10,476 at the 2000 census. Including Kennebunkport the population totals 14,196 people. Kennebunk, pronounced "KEN-ee-buhnk" is home to Kennebunk Beach and the Nature Conservancy Blueberry Barrens, with 1,500 acres of nature trails and Blueberry Fields (now called Blueberry Plains.)

1 History

2 Education

3 Geography

4 Demographics

5 External links

Lexington Elms in 1909
First settled about 1620, the town developed as a trading and, later, shipbuilding and shipping center with light manufacturing. It was part of the town of Wells until 1820, when it incorporated as a separate town. Kennebunk claims to be "the only village in the world so named." To the Abenaki Indians, Kennebunk meant "the long cut bank," presumably the long bank behind Kennebunk Beach. Kennebunk beach is split up into three major sections. Mother's Beach, Middle Beach or Rocky Beach, and Gooses Beach or Long Beach. Separate from Kennebunk Beach is Parson's Beach. Parson's Beach is much smaller and less popular that Kennebunk Beach.

The town is a popular summer tourist destination, with several fine beaches. Kennebunk contains fine examples of early architecture, the most noted of which is the "Wedding Cake House," a Federal-style dwelling extensively decorated with scroll saw Gothic trim. This was added to the house by a sea captain who wanted his wife to remember him when he went away to sea. Local industry includes tourism, as well as the natural health-care product manufacturer, Tom's of Maine. In addition, many residents commute to Portland, to Portsmouth, New Hampshire, or even to Boston, Massachusetts. The Laffayette elm was a tree in Kennebunk which was General Laffayette's favorite place to think in town during his visits. The elm is ..."

2) "Savings" -- As to kennebunk savings
¹saving
Function: noun
Etymology: Middle English, from gerund of saven to save
1 : preservation from danger or destruction : DELIVERANCE
2 : the act or an instance of economizing
3 a plural : money put by b : the excess of income over consumption expenditures -- often used in plural c : a usually specified lower cost -- often used in plural <a savings of 50 percent>
Pronunciation Symbols

In common usage, saving generally means putting money aside, for example, by putting money in the bank or investing in a pension plan.

In a broader sense, saving is typically used to refer to economizing, cutting costs, or to rescuing someone or something.

In terms of personal finance, saving refers to preserving money for future use - typically by putting it on deposit - this is distinct from investment where there is an element of risk.

Saving differs from savings in that the first refers to the act of putting aside money for future use, whereas the second refers to the money itself once saved.

For example: you may decide to start saving 10% of your income; because you aim for your savings to grow into an amount sufficient to buy a car.

1 Saving in economics

2 Interest rates

3 Saving in personal finance

4 Interest rates

5 See also

In economics, personal saving has been defined as personal disposable income minus personal consumption expenditure. In other words, income that is not consumed by immediately buying goods and services is saved. Other kinds of saving can occur, as with corporate retained earnings (profits minus dividend and tax payments) and a government budget surplus.

There is some disagreement about what counts as saving. For example, the part of a person's income that is spent on mortgage repayments is not spent on present consumption and is therefore saving by the above definition, even though people do not always think of repaying a loan as saving. However, in the U.S. measurement of the numbers behind its gross national product (i.e., the National Income and Product Accounts), personal interest payments are not treated as "saving" unless the institutions and people who receive them save them.

"Saving" differs from "savings." The former refers to an increase in one's assets, an increase in net worth, where..."

Further Data On Term for kennebunk savings
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