Financial Planning Terms

adjective providing an advantage; favorable; beneficial

• It is advantageous for companies to invest in employee training programs.
• It's advantageous to have a friend who works at the company.
• Having a study group for the exam is really advantageous.
• Being able to speak multiple languages is like having an advantageous tool in your toolbox.

adverb Adverbs modify verbs, adjectives, or other adverbs to provide more information about when, how, where, or to what extent something happens. 'Always' is an adverb that indicates something happens at all times or on every occasion.

• It is always important to double-check your work for accuracy.
• I always make sure to grab a coffee on my way to work.
• I always hit up that new burger joint for lunch.
• She always carries a heavy burden on her shoulders.

noun a limitation or restriction

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The project timeline was delayed due to a budget constraint.
• We couldn't go on vacation because of a money issue.
• I'm broke, so I can't buy those shoes - budget constraint, you know?
• His fear of failure was a constraint holding him back from pursuing his dreams.

noun the amount of money needed to sustain a certain standard of living by affording basic expenses such as housing, food, healthcare, and transportation

• The cost of living in urban areas tends to be higher due to the demand for housing and amenities.
• I'm considering moving to a smaller town to reduce my cost of living.
• Living in the city is so expensive, the cost of living is through the roof!
• The cost of living in this fast-paced world is not just measured in money, but also in time and stress.

adjective capable of being done, accomplished, or carried out

• After conducting a thorough analysis, we have determined that the proposed solution is indeed feasible.
• I think it's totally feasible for us to finish this project by the end of the week.
• Yeah, that plan sounds doable, it's definitely feasible.
• Achieving your dreams may seem daunting, but with determination, it is feasible to reach your goals.

noun a restraint or hindrance

verb to restrain or prevent from advancing

• It is important to not hold back any information during the investigation.
• Don't hold back, tell me everything that happened.
• Just let it all out, don't hold back.
• Sometimes we hold back our true feelings to avoid conflict.

adverb a word that modifies a verb, adjective, or other adverb, typically answering the questions how, when, or where

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

• Please make sure to submit your report in advance of the deadline.
• Don't forget to send me a message in advance so I can plan accordingly.
• I always try to get my homework done ahead of time.
• He always likes to think ahead and prepare in advance for any situation.

noun a word (other than a pronoun) used to identify any of a class of people, places, or things

adjective a word naming an attribute of a noun, such as sweet, red, or technical

adverb a word or phrase that modifies or qualifies an adjective, verb, or other adverb

pronoun a word that can function by itself as a noun phrase and that refers either to the participants in the discourse (e.g., I, you) or to someone or something mentioned elsewhere in the discourse (e.g., she, it, this)

preposition a word governing, and usually preceding, a noun or pronoun and expressing a relation to another word or element in the clause

article a word used to limit or define a noun

• It is important to consider the consequences of your actions in the long run.
• Don't worry about the small stuff, just think about what will matter in the long run.
• Who cares about that now? We'll see what really matters in the long run.
• Planting the seeds of hard work now will reap success in the long run.

adjective describing someone who is unable to act or function normally due to injury or illness

• The patient was incapacitated after the surgery and needed round-the-clock care.
• He was completely incapacitated by the flu and couldn't get out of bed for days.
• After the accident, he was so incapacitated that he couldn't even move a muscle.
• The team was incapacitated by the unexpected setback, but they managed to regroup and continue with their project.

noun a person who is married

verb to enter into a legal marriage with someone

adjective having a spouse or being united in marriage

• The couple got married in a beautiful ceremony.
• They finally tied the knot and got married.
• They decided to take the plunge and get hitched.
• Their businesses merged and got married to create a stronger entity.

noun A tool or device used for planning or organizing activities or events

• The event planner meticulously organized every detail of the conference.
• I always keep a planner with me to jot down important dates and appointments.
• My planner is my lifeline for keeping track of everything going on in my life.
• She was the master planner behind the scenes, pulling all the strings to make things happen.

noun the act or process of making plans for something

verb the act of deciding on and arranging in advance

• Effective planning is essential for the success of any project.
• We need to start planning our road trip soon.
• Stop winging it and start planning ahead.
• Life is like a game of chess, requiring strategic planning to succeed.

noun the official proving of a will

verb to establish the validity of a will

• The court will oversee the probate process to ensure the deceased's assets are distributed according to their will.
• My family is currently dealing with probate after my grandmother passed away.
• Dealing with probate is such a headache, it feels like it's never-ending.
• The probate process can feel like untangling a complicated web of legalities and paperwork.

adjective making or indicative of timely preparation for the future; frugal

• Being provident is important for ensuring financial stability in the long term.
• It's always good to be provident and save some money for a rainy day.
• Don't be reckless with your spending, try to be more provident with your money.
• In life, being provident with your decisions can lead to better outcomes in the future.

noun a day on which rain falls

adjective describing the day as being characterized by rain

• On a rainy day, it is advisable to carry an umbrella to protect yourself from getting wet.
• I love staying in and watching movies on a rainy day.
• Let's just chill and play video games on this rainy day.
• Sometimes a rainy day can symbolize feelings of sadness or gloom.

adverb modifies a verb, adjective, or another adverb, indicating the manner, degree, or frequency of the action or state being described

• It is important to make a reasonably informed decision based on all available information.
• I think we can reasonably expect the meeting to last about an hour.
• I'm reasonably sure that we'll have a good time at the concert.
• He was reasonably satisfied with the outcome of the negotiations.

noun the portion of a person's life during which they are no longer actively working

• After decades of hard work, he finally decided to enjoy his retirement.
• She's looking forward to kicking back and relaxing in retirement.
• I can't wait to be living the retired life, just chilling all day.
• The athlete's retirement from the sport marked the end of an era.

noun a substance used to enhance flavor or preserve food

adverb in a secretive or hidden manner

• He decided to salt away a portion of his salary each month for retirement.
• She's been salting away money in her piggy bank for a rainy day.
• I always salt away some cash in my sock drawer for emergencies.
• It's important to salt away memories of happy times to cherish in the future.

noun an act of saving or rescuing; preservation or protection from harm, danger, or loss

verb to rescue or preserve from harm, danger, or loss

• It is important to save money for future emergencies.
• I'm trying to save up for a new car.
• I need to save some cash before we go out.
• She tried to save the relationship, but it was too late.

noun a round mass of snow pressed or rolled together

verb to increase rapidly in size or significance

• The children enjoyed rolling a snowball down the hill.
• We had a blast throwing snowballs at each other during the snowball fight.
• Let's go out and have a snowball fight, it'll be so much fun!
• The rumor started as a small snowball but quickly grew into a huge avalanche of gossip.

verb to prevent or delay something unpleasant or dangerous

• The doctor prescribed medication to help stave off the infection.
• I drink orange juice every day to try and stave off getting sick.
• I take my vitamins to stave off feeling run down.
• She tried to stave off her fears by staying busy with work.

verb to make something straight or orderly; to resolve or clarify a situation

• The manager called a meeting to straighten out the issues with the project timeline.
• Let's sit down and straighten out this misunderstanding.
• I need to straighten out my room before my parents get home.
• It took a while, but they were finally able to straighten out their complicated relationship.

adjective certain to be successful or effective; reliable

• The scientist claimed to have discovered a surefire method for detecting the presence of the rare mineral.
• If you follow this recipe exactly, you'll have a surefire way to impress your dinner guests.
• This new workout routine is a surefire route to getting ripped in no time.
• His charm and wit were his surefire weapons in winning over any crowd.

verb to organize or arrange according to a system or plan

• The company has systematized its inventory management process to improve efficiency.
• I finally systematized my closet so I can find things more easily.
• She's really got her study routine systematized to ace all her exams.
• The artist systematized her creative process to produce more consistent and impactful work.

noun a responsibility or duty to ensure the well-being of someone or something

verb to look after or protect someone or something

• It is important to take care of your health by eating nutritious food and exercising regularly.
• Make sure to take care of your plants by watering them regularly.
• Don't worry, I'll take care of that for you.
• As a manager, it is your responsibility to take care of your team and ensure their well-being.

verb to consider or include in a decision or calculation

preposition to consider or include in a decision or calculation

• When making a decision, it is important to take into account all relevant factors.
• Before you decide, make sure you take into account everything that could affect the outcome.
• Dude, you gotta take into account how she feels before you make a move.
• In order to truly understand the situation, you must take into account the bigger picture.

noun one and a half times the usual rate or amount

• Employees are entitled to receive time and a half for working overtime hours.
• I love working on weekends because I get paid time and a half!
• I'm always down to work extra shifts for that sweet time and a half pay.
• Spending quality time with loved ones is like getting time and a half for your soul.

noun the quality or state of being difficult to manage or control

• The unmanageability of the project became evident as deadlines were consistently missed.
• The unmanageability of my messy room is getting out of hand.
• I can't deal with the unmanageability of this situation right now.
• The unmanageability of her emotions was like a storm brewing inside her.

noun A point at which something comes to an end abruptly or forcefully

adjective Difficult or requiring a great deal of effort

• The meeting has a hard stop at 4:00 PM, so please make sure to wrap up discussions on time.
• We need to finish the project by Friday, it's a hard stop.
• If we don't leave now, we'll miss the movie - it's a hard stop.
• His dedication to his work is a hard stop for anyone trying to match his level of commitment.

noun A 'Process' is a series of actions or steps taken to achieve a particular goal

adjective In this context, 'Advanced' describes the level of sophistication or complexity of the business process

• The ABP (Average Billing Period) for this utility company is calculated on a monthly basis.
• I always forget to check my ABP (Allotted Break Period) schedule before planning my day.
• ABP (Always Be Prepared) is my motto when it comes to facing challenges.
• In the world of business, ABP (Always Be Prospecting) is key to maintaining a healthy pipeline of clients.

noun an acronym for 'You Only Live Twice', a phrase often used to emphasize the importance of living life to the fullest

• In the world of finance, the concept of YOLT (You Only Live Twice) is often used to encourage individuals to take calculated risks in their investments.
• YOLT, or You Only Live Twice, is my motto when it comes to trying new things and stepping out of my comfort zone.
• YOLT, you know? You gotta make the most of every opportunity and live life to the fullest.
• For me, YOLT represents the idea of embracing second chances and making the most out of every moment, no matter how challenging it may be.

noun a word that represents a person, place, thing, or idea

verb a word that expresses an action, occurrence, or state of being

adverb a word that modifies a verb, adjective, or other adverb, indicating time, place, manner, degree, etc.

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

• Despite our best efforts, the project did not go to plan.
• Well, it looks like our weekend getaway didn't go to plan.
• Man, that party last night really didn't go to plan.
• Sometimes in life, things just don't go to plan no matter how hard we try.

noun the state or quality of being adequate; sufficiency for a particular purpose

• The report highlighted the adequacy of the company's financial resources.
• We need to make sure the adequacy of the supplies before starting the project.
• I'm not sure about the adequacy of his skills for this job.
• The artist questioned the adequacy of her latest painting, feeling like something was missing.

adjective providing advice or guidance

• The government issued an advisatory statement regarding the upcoming weather conditions.
• The teacher gave an advisatory warning to the students about the upcoming test.
• My mom always has some advisatory words for me before I go out with my friends.
• The old wise man's advisatory words were like a guiding light in the darkness of confusion.

noun a warning or piece of advice given to someone

adjective relating to or containing advice or information

• The company issued several advisories regarding the upcoming policy changes.
• Make sure to check the advisories before planning your trip.
• I always ignore those boring advisories about health and safety.
• She ignored all the advisories and went ahead with her risky plan.

adverb a word or phrase that modifies or qualifies an adjective, verb, or other adverb

• The advisorily recommended course of action was to diversify the investment portfolio.
• She advisorily suggested that I take a different route to avoid traffic.
• I advisorily told him to chill out and not stress over the small stuff.
• His words were advisorily like a guiding light in the darkness of uncertainty.