ušteda

1. saving
   Nove sijalice donose veliku uštedu struje. — The new light bulbs bring big savings on electricity.
   Ovim putem imamo uštedu od pola sata. — This route saves us half an hour.
2. (usually in the plural, of budgets, costs) cost savings; spending cuts
   Vlada najavljuje velike uštede u budžetu. — The government is announcing big savings in the budget.

"Ušteda" usually denotes the result of saving, while "štednja" usually denotes the act of saving or thrift. Personal savings, money put aside, is ušteđevina: kupili su stan od svoje ušteđevine.