Financial Planning Terminology

noun a person who gives advice or guidance

adjective advisory (related to giving advice)

• The financial adviser provided expert guidance on investment strategies.
• My adviser suggested I take a gap year before starting college.
• I always go to my adviser for the inside scoop on classes to take.
• She was like a trusted adviser, always there to offer wise counsel.

adjective able to be achieved or reached

• Setting realistic goals is important in making sure they are attainable.
• If you study consistently, good grades are definitely attainable.
• With some hard work, that promotion is totally attainable.
• The dream of traveling the world seemed so far-fetched, but now it feels attainable.

noun a future event or circumstance that is possible but cannot be predicted with certainty

adjective subject to chance or uncertain

• The company has a contingency plan in place in case of unexpected events.
• We need to have a backup plan just in case, you know, a contingency.
• When things go south, it's good to have a 'just in case' contingency.
• Life is full of contingencies, so it's important to be prepared for anything.

adjective temporary; existing only until a permanent or more complete version can be obtained

• The committee made a provisional decision on the budget allocation.
• We have a provisional plan for the weekend trip.
• I'm just going to make a provisional booking for now.
• His happiness was only provisional, as he knew it wouldn't last.

verb to be thrifty or stingy; to use or provide in a limited or inadequate way

• It is important not to skimp on quality when it comes to purchasing medical equipment.
• Don't skimp on the toppings when making your pizza.
• I'm not going to skimp on the drinks for the party.
• She always skimps on sleep in order to get more work done.

noun a payment or other financial support received upon retirement from an employer or government

• Employees are entitled to receive retirement benefits after completing a certain number of years of service.
• Once you've put in enough years, you can start collecting your retirement benefits.
• I can't wait to start cashing in on my retirement benefits!
• Investing in your health now is like investing in your retirement benefits for the future.

verb to give recommendations or guidance to someone in order to prevent or discourage a certain action

pronoun a word that can replace a noun, in this case 'one' is used as a pronoun to refer to a person without specifying their gender or identity

preposition a word that shows the relationship between a noun or pronoun and other words in a sentence, in this case 'against' shows the direction or opposition of the advice being given

• I would advise one against making impulsive decisions without considering all the consequences.
• I'd suggest not jumping into anything without thinking it through first.
• I'd say it's probably not a good idea to just go for it without thinking about it.
• It's like walking into a minefield, I advise one against taking that risk.

noun a person who gives advice or guidance in a particular field or area

• The financial advisor provided valuable insights on investment opportunities.
• My advisor helped me pick the best classes for next semester.
• I gotta talk to my advisor before making any decisions.
• She was like a trusted advisor, guiding me through the challenges ahead.