A financial plan is a written document that outlines an individual's current situation and long-term goals and details the strategies to achieve them.
 | | Term of the Day | Words to Know | | |  | | Financial Plan | A financial plan is a comprehensive statement of an individual's long-term objectives for security and well-being and a detailed savings and investing strategy for achieving those objectives. A financial plan may be created independently or with the help of a certified financial planner.
In either case, it begins with a thorough evaluation of the individual's current financial state and future expectations. | | Read More » | | Related to "Financial Plan" | | | | SPONSORED BY INVESCO | | The Complete Guide to ETFs | | ETFs are becoming increasingly popular and soaring to new heights among investors. Invesco's insights can help you determine if these investment vehicles are right for you. | | Learn More » | | | Financial Planner | | A financial planner is a qualified money-management professional who helps clients meet their financial goals. | | Read More » | | | Net Worth | | Net worth is a quantitative concept that measures the value of an entity and can be applicable to individuals, corporations, sectors and even countries. | | Read More » | | | Emergency Fund | | An emergency fund is a source of ready cash in case of an unplanned expense, an illness, or the loss of a job. Now there's new help to build one. | | Read More » | | | Credit Report | | A credit report is a detailed breakdown of an individual's credit history, provided by one of the three major credit bureaus. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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