das Bausparen
Translation
building savings scheme, contract saving for building purposes
Examples
Bausparen ist in Deutschland sehr beliebt.
Building savings schemes are very popular in Germany.
Er hat einen Vertrag zum Bausparen abgeschlossen.
He took out a contract for a building savings scheme.
Grammar Patterns
to take out a contract for a building savings scheme Viele junge Leute schließen einen Vertrag zum Bausparen ab.
Similar Words
der Sparplan (savings plan), die Finanzierung (financing)
Etymology
From 'Bau' (building) + 'sparen' (to save). Literally 'building-saving'.
Memory Tips
Think of it as 'saving' (sparen) money specifically for 'building' (Bau) a house.