Which term best describes an individual who plans for the future and is prepared for any type of financial situation?

The term that best describes an individual who plans for the future and is prepared for any type of financial situation is "security seeker." This individual prioritizes financial stability and security by actively managing their resources, setting long-term financial goals, and making informed decisions to protect themselves against unexpected events. A security seeker typically creates savings plans, invests prudently, and often seeks to build an emergency fund to ensure they are ready for any financial challenges that may arise.

In contrast, other terms like "risk taker" refer to individuals who are willing to engage in high-risk financial behaviors with the hope of achieving greater rewards, often without sufficient consideration of their long-term financial security. "Spender" indicates a person who frequently uses their money for immediate purchases, often at the expense of savings or future planning. "Impulse buyer" describes someone who makes unplanned purchases without a prior intention or financial strategy, which typically leads to a lack of preparedness for future financial situations.