financial plan


Budget or investment strategy that helps an individual take the necessary steps to achieve his/her financial goals. Financial plans may be constructed for a number of reasons, but they are commonly done for retirement planning. The plan may factor in income, investments, forecasts and supplemental advice. Some financial plans are done by licensed professionals that have experience in investing and guiding individuals to make the right decisions.

Use financial plan in a sentence

The financial plan had been developed carefully after modeling potential projects and strategizing with a theoretical bifurcating tree of possibilities.

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After accruing a large amount of debt throughout their 20s, the couple created a financial plan in order to both pay down their debt, and start a savings account.

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After meeting with an advisor to craft a financial plan, Steve and Diane felt more confident regarding their ability to pay for their daughter's college education without her having to take out loans.

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