A payment plan is a structured arrangement that allows individuals or businesses to pay for goods or services over time, rather than making a single lump sum payment. It provides financial flexibility and convenience by breaking down the total cost into manageable installments. This approach helps individuals budget their expenses and businesses to offer more affordable options to their customers. The combination of "💰" (representing money) and "💡" (symbolizing ideas or solutions) suggests that a payment plan offers a smart and effective way to manage financial obligations while still achieving desired outcomes.