The process of creating a plan to spend your money, ensuring expenses do not exceed income while meeting financial goals.

A plan that outlines how much money to save and where to allocate it, aimed at building financial security.

A systematic approach to choosing investments aligned with financial goals and risk tolerance.

A holistic state of financial health, encompassing budgeting, saving, and investing effectively.

The financial and cultural values, assets, and teachings passed down through generations.

Savings set aside specifically for unexpected expenses, providing financial security.

An investment strategy that involves spreading investments across various assets to reduce risk.

An individual's capacity to endure potential financial loss in investments.

The process of arranging for the management and disposal of a person's estate during and after their life.

A strategic planning tool that identifies strengths, weaknesses, opportunities, and threats related to financial planning.

A financial plan that outlines expected income and expenses for a month, guiding spending decisions.

An evaluation of an individual's or family's financial situation, including income, expenses, and goals.

Applications or methods used to track income and expenses, helping to maintain a budget.

Online services that allow individuals to buy and sell securities and manage investments.

Assets passed down from one generation to the next, contributing to financial stability.

The process of discussing and sharing financial matters and values within a family.

The effects that various financial decisions have on an individual's tax obligations.

Specific objectives set to achieve desired financial outcomes, such as saving for retirement or education.

Core beliefs and principles that guide a family's financial decisions and behaviors.

A structured format for sharing financial plans and strategies with an audience for feedback.

Monitoring the growth of savings over time to ensure alignment with financial goals.

The ability to understand and effectively use various financial skills, including personal finance management.

Groups that provide resources and support for families in financial planning and education.

A state where an individual or family has consistent income and manageable expenses, leading to security.