ELI5: Explain Like I'm 5

Financial forecast

A financial forecast is like a credit report for your finances. It shows you a prediction of how much money you might have in the future. It's like making a plan for your money, so you can make smart decisions today that will help you tomorrow. For example, if you want to buy a house or go to college in a few years, a financial forecast can help you figure out how to save up and pay for it.