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financial plan
/ˈfaɪnænʃəl plæn/
a strategy for managing money
She created a financial plan to save for her dream vacation.
She made a strategy to manage her money for a future trip.
Finance
formal
A comprehensive strategy for managing income, expenses, savings, and investments over a specific period.
The financial plan includes monthly budgeting and long-term investment goals.
The strategy covers regular spending and future investment targets.
Often used in personal finance, business, or investment contexts.
Collocations
create a financial planto develop a money management strategyfollow a financial planto adhere to a budgeting and saving strategy
Related Phrases
Pro Tip
Key Components
A good financial plan includes budgeting, saving, investing, and risk management.
Gold Rule
Consistency
Stick to your financial plan to achieve long-term financial health.
Word Origin
From 'financial' (relating to money) + 'plan' (a detailed proposal).
Usage Notes
Common in personal finance, business, and investment discussions.
Word Breakdown
financial
relating to money
adjectiveplan
a detailed proposal or strategy
nounEnglish Dictionary