Financial planning: meaning, definitions and examples
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financial planning
[ fɪˈnænʃəl ˈplænɪŋ ]
personal finance
Financial planning is the process of setting short-term and long-term financial goals and creating a plan to achieve them. It involves assessing your current financial situation, identifying areas for improvement, and making strategic decisions about saving, investing, and spending.
Synonyms
budgeting, financial management, investment planning
Examples of usage
- Financial planning can help individuals achieve financial security and build wealth over time.
- Many people seek the help of financial planners to create a comprehensive financial plan.
- Effective financial planning requires budgeting, setting financial goals, and monitoring progress regularly.
Translations
Translations of the word "financial planning" in other languages:
🇵🇹 planejamento financeiro
🇮🇳 वित्तीय योजना
🇩🇪 Finanzplanung
🇮🇩 perencanaan keuangan
🇺🇦 фінансове планування
🇵🇱 planowanie finansowe
🇯🇵 財務計画
🇫🇷 planification financière
🇪🇸 planificación financiera
🇹🇷 finansal planlama
🇰🇷 재무 계획
🇸🇦 التخطيط المالي
🇨🇿 finanční plánování
🇸🇰 finančné plánovanie
🇨🇳 财务规划
🇸🇮 finančno načrtovanje
🇮🇸 fjárhagsáætlun
🇰🇿 қаржылық жоспарлау
🇬🇪 ფინანსური დაგეგმვა
🇦🇿 maliyyə planlaşdırması
🇲🇽 planificación financiera
Etymology
The concept of financial planning dates back to ancient times when civilizations used various methods to manage their finances. However, modern financial planning as a profession emerged in the 20th century with the growth of the financial services industry. Today, financial planning plays a crucial role in helping individuals and businesses achieve their financial goals and secure their financial future.