financial-planning
UK[faɪˈnænʃəl ˈplænɪŋ]US[faɪˈnænʃəl ˈplænɪŋ]
n
The process of managing your money to achieve personal economic satisfaction.
Morpheme Breakdown
financial
planning
financial
relating to money
planning
the act of making plans
Etymology
The term is a modern compound, fusing two distinct Latin-derived concepts. 'Financial' originates from the Latin finis, which evolved from a concrete meaning of "boundary" to the abstract idea of "settlement" or "payment," eventually entering English via French to denote matters of revenue and capital. 'Planning' derives from Latin plānus (flat), which gave rise to the idea of a flat drawing or map, a 'plan,' and subsequently the process of creating such a scheme. The compound 'financial planning' logically combines these ideas: it is the process of creating a structured map or strategy (planning) specifically for one's monetary resources and goals (financial), embodying a systematic approach to economic management.
Analysis
Structure: financial (relating to money) + planning (the act of making plans)
- financial: From Latin finis (end, boundary, settlement of a debt) via Old French finance. In this compound, it functions as an adjective meaning "relating to money matters."
- planning: From the verb plan, from Latin plānus (flat, level), via French plan (a map, ground plan). In this compound, it functions as a noun meaning "the act or process of making detailed arrangements."
Examples
Sound financial-planning is essential for a secure retirement.
They hired a consultant to assist with their family's financial-planning.
The course covers the basics of budgeting and long-term financial-planning.