a tool to help you reach your goals, it is not a straight jacket to keep you from enjoying life
a way of setting guideposts for your financial future
a written set of goals with strategies and timelines for accomplishing these goals
That part of a business plan that details the assumptions, financial projections and cash flow of a proposed venture.
Financial planning helps you take control of your financial future. A financial plan is developed by a financial planner in accordance with your requirements. It sets out your current financial situation and your financial goals, taking into account your priorities and attitude to risk. It then sets out investment, wealth preservation and protection strategies that can help you meet your goals. It may also include estate planning strategies. A financial plan should be reviewed regularly and updated to take account of your changing circumstances.
A plan with stated goals and objectives pertaining to current and long-term investment needs of the individual.
A plan of action that allows a person to meet not only their immediate needs but also their long-term goals.
A plan that will help you reach your financial objectives, such as paying for college, retirement, etc. One study found that on incomes of $10,000--$100,000, consumers who reported having a written financial plan had twice as much money in savings and investments as those without a plan.
A comprehensive strategy designed to help individuals achieve specific financial goals and prepare for unexpected life challenges or events. Financial plans may include investing, tax planning, asset allocation, risk management, retirement planning, education funding, accumulation funding, estate planning and insurance.
a written plan that helps you identify your goals and figure out how to manage your money to achieve them
A financial blueprint for the financial future of a firm.
The financial annex to the community plan that identifies all the funding that a community uses to deliver their programs and services. Sources of each contribution (fundraising, municipal, provincial, etc.) should be identified. Each funding source will be noted as ‘confirmed' or ‘unconfirmed'. Funding will be considered ‘confirmed' when there is a commitment in writing for a specific amount. The financial plan will not include any funds received directly from the federal government. In-kind contributions must be confirmed by the supplier.
A financial plan is a written analysis of an individual's financial circumstances developed by a financial planner, in light of the individual's goals, resources, and current tax law, investment options, and insurance needs.