"my savings is" vs "my savings are"

Question

"my savings is" vs "my savings are"

Both "my savings is" and "my savings are" can be correct depending on the context. "My savings is" is used when referring to the total amount of money saved as a singular concept, while "my savings are" is used when referring to the individual components or actions that make up the savings.

Last Updated: April 03, 2024

Use "my savings is" when talking about the total amount of money saved as a single entity.

Examples:

My savings is growing steadily.
My savings is enough to buy a new car.
The total of my savings is $10,000.

Alternatives:

my savings amount is
the sum of my savings is
the total of my savings is

Use "my savings are" when talking about the individual components or actions that make up the total amount of money saved.

Examples:

My savings are in different accounts.
My savings are a result of careful planning.
The ways I save money are diverse.

Alternatives:

the components of my savings are
the actions contributing to my savings are
the items in my savings are

Answer 1

my savings is

This phrase is correct when referring to the total amount of money saved as a singular concept.

Answer 2

my savings are

This phrase is correct when referring to the individual components or actions that make up the savings.