Financial Plan

In general usage, a financial plan is a series of steps or goals used by an individual or business, the progressive and cumulative attainment of which are designed to accomplish a financial goal or set of circumstances, e.g. elimination of debt, retirement preparedness, etc. This often includes a budget which organizes an individual's finances and sometimes includes a series of steps or specific goals for spending and saving future income. This plan allocates future income to various types of expenses, such as rent or utilities, and also reserves some income for short-term and long-term savings. A financial plan is sometimes referred to as an investment plan, but in personal finance a financial plan can focus on other specific areas such as risk management, estates, college, or retirement.

Read more about Financial PlanContext of Business, Issues of Definition

Other articles related to "financial plan, financial, plan":

Financial Planner - The Process
... The personal financial planning process is according to ISO 222222005 a six-step process as follows Step 2 Gathering relevant information on the client This would include the ... Step 4 Constructing a financial plan Based on the understanding of what the client wants in the future and his current financial status, a roadmap to the client goals is drawn to facilitate ... Step 5 Implementing the strategies in the plan Guided by the financial plan, the strategies outlined in the plan are implemented using the resources allocated ...
Content Of A Business Plan - Financial Plan - Financial Forecasts
... Financial portions of the marketing, asset development, and operations are often placed in this section rather than in the section discussing the plan ...
Financial Plan - Issues of Definition
... Textbooks used in colleges offering financial planning-related courses also generally do not define the term 'financial plan' ... and Robert A Crane, authors of Practicing Financial Planning for Professionals do not define what a financial plan is, but merely defer to the Certified Financial ... in industry literature, and in major textbooks on the subject, the term 'financial plan' is merely inferred from the defined process of 'financial planning' ...
Economy Of Communist Czechoslovakia - Financial System and Banking - Banking System
... The State Bank was the central bank, the government's financial agent, the country's commercial bank, an investment bank, and the clearing agent for collection notices ... in conjunction with specific ministries, formulated the financial plan for Czechoslovakia ... was to act as the government's agent in implementing the financial plan, an important part of which consisted of expanding and contracting credit to meet the economy's needs ...
Trans-Texas Corridor - Financing
... Based on The Cintra-Zachry Preliminary Financial Plan (TTC-35 Development Agreement, Exhibit C) funding the TTC-35 Corridor awarded to Cintra-Zachry showed that 22%(1) of the initial infrastructure costs were ... It was also noted in the financial plan that Cintra-Zachry expected to have 12% return on investment for their equity partners ... The plan called for paying off the bank loans and the bonds prior to retiring the equity as shown in cash flow diagrams of the Preliminary Financial Plan (TTC-35 Development Agreement, Exhibit C) ...

Famous quotes containing the words plan and/or financial:

    He fashions evil for himself who does evil to another, and an evil plan does mischief to the planner.
    Hesiod (c. 8th century B.C.)

    Creditor. One of a tribe of savages dwelling beyond the Financial Straits and dreaded for their desolating incursions.
    Ambrose Bierce (1842–1914)