financial planning
Wealth management process
Financial planning is the process of setting goals for your money and creating strategies to achieve them—budgeting, saving, investing, managing debt, and preparing for retirement.
A financial planner helps individuals or families develop these strategies.
We did some financial planning before buying the house.
The term applies to personal finances and corporate treasury management alike.
- expense trackingRecording what you spend
- budgetingAllocating funds systematically
- monthly budgetPlanned spending per period
- tax deductionsAmounts reducing taxable income
- tax bracketTaxable income category
savings · savings account · asset allocation · stocks · cash flow · retirement age · net worth · long term goals · risk tolerance · trusts · debt management · probate process · power of attorney · investment · fiduciary · life insurance · capital gains tax · frugality
- Money & Financecurrency, cash, coins, bills, wages
- servicescleaning services, streaming, delivery services, salon, bellhop
- bankingbank, banks, ATM, ATMs, account
- business financeaccounting, balance sheet, revenue stream, profit margin, budget
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- financebank, CFO, banks, controller, treasurer
financial planningliving paycheck to paycheck
Earning only enough for immediate expenses
financial planningoverspending
Exceeding one's budget
squandering · profligacy · extravagance · living beyond one's means · reckless spending
financial planningreckless spending
Careless use of funds
compulsive shopping · retail therapy · splurging · spending sprees
planned, finance, planning, planner, finances, financial, financing, financed, financier