Very true but also understandable because that's how most households perceive it from their micro-economic standpoint. But its very deceptive because it suffers from a fallacy of composition. If households want to earn more than they spend (i.e. save), some other entity must spend more than they earn. This can be somebody taking a mortgage or the government running a deficit. Debt and savings are mirror images of the same thing, two sides of the same coin and we use double-entry book keeping to track them.

It is very insightful to view money as a creature of accounting for debtor-creditor relations rather than thinking of it as some kind of commodity.