sock away

verb

1. informal,  (tr) to save up

Idioms and Phrases

Put money in a safe place for future use, as in I've got about $2,000 socked away for a new car. This usage presumably alludes to putting one's savings in a sock. [Colloquial; first half of 1900s]

Example Sentences

Catch-up contributions are a great way for older workers to sock away extra money at a time when other financial obligations, like college tuition payments, might be in the rearview mirror.

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If you have independent insurance, you sock away after-tax money but get a tax deduction for your contribution.

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Newsom considers his proposed budget account a necessary step toward enacting a requirement that the state sock away more money in a rainy day reserve.

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The principal shock in New York Community Bancorp’s earnings report last week came from its admission that the value of its real estate loans had dropped steeply, which spurred it to slash its dividend and sock away half a billion dollars to protect against future losses.

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The bank’s executives said they would have to sock away more money for losses in loans in commercial real estate, partly because of a souring investment environment for office space.

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