financial planning
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financial planning
The process of systematically planning, managing, and monitoring the financial resources of a person, household, or company in order to achieve future financial goals.
Eine sorgfältige Finanzplanung ist entscheidend für einen sorgenfreien Ruhestand.
Careful financial planning is crucial for a worry-free retirement.
The word is made up of 'Finanz-' (financial, from 'die Finanzen' — finances) and 'Planung' (planning). So it literally means the planning of finances.
Für große Projekte ist eine detaillierte Finanzplanung unerlässlich.
Detailed financial planning is essential for large projects.
Common adjectives are 'langfristige' (long-term), 'solide' (solid), or 'sorgfältige' (careful) financial planning. The verbs 'eine Finanzplanung erstellen' (to create financial planning) or 'machen' (to make/do) are often used.
Ein Berater half uns, eine langfristige Finanzplanung zu erstellen.
An advisor helped us create long-term financial planning.
The word can refer both to personal finances and to those of a company. To distinguish them, adjectives such as 'private Finanzplanung' (personal financial planning) or 'betriebliche Finanzplanung' (corporate financial planning) are often used.
Die private Finanzplanung hilft dabei, für das Alter vorzusorgen.
Personal financial planning helps you make provisions for old age.
accounting
'die Buchhaltung' and 'die Finanzplanung' both belong to the handling of money. The difference is in the perspective: 'Buchhaltung' mainly looks at what has happened or is currently happening and records income and expenses. 'Finanzplanung' looks more toward the future and plans how money should be used so that certain goals can be reached. They can be confused because both have to do with numbers and money in companies and also in private life. A simple guide: accounting documents; financial planning plans.
Für den Hauskauf brauchen wir eine genaue Finanzplanung.
For buying the house, we need precise financial planning.
Am Morgen hat sie die Buchhaltung gemacht und alle Belege sortiert.
In the morning, she did the accounting and sorted all the receipts.