The aim of this final work is to determine the importance of saving, its role and impact on the Croatian economy. Adequate financial management is a challenge for every individual, a successful balance between savings and consumption plays an important role in microeconomics and macroeconomics of each country, and affects the viability and efficiency of the overall economy of the country. Money, as well as savings is crucial in the financial management, no matter if we are talking about household, large corporation or state. On the one hand saving money can be considered as responsible behavior. But on the other hand, if the saving is excessive and it operates on a macroeconomic level, it can prevent new investments and thus slow down the economic growth. At the time of significant global changes, we can notice large inequalities in Croatia. The analyses have shown that most of the savings deposits held with banks belong to rich citizens. At the same time, the low-income citizens take loans and incur debts in advance spending money they do not have. The government stimulates citizens to save money by giving them various subsidies and by insuring their savings deposits. This encourages people to keep their money at the banks. At the same time, due to adjustments to the tax policy of EU countries Croatia has introduced tax on savings interest. In accordance with the new circumstances, the depositors avoid risk-bearing investments and choose less risky saving products that bring as high as possible interest. The improvement of the entire Croatian economy is the greatest challenge of all. Better economic environment could help us become a more rational and efficient society. Therefore, it is necessary to define reforms that will be focused on savings made by the government, its organs and public services. In this sense, it is necessary to carry out in-depth reform of the state and reform the society, to create a positive climate for investment which will contribute to economic growth and thus increasing the living standards of the population.