How do you, personally, define "fiscal conservative" and "fiscal liberal"?

I am not testing for right or wrong answers. I don’t want a big argument about who is right and who is wrong. What I am looking for is how the average person (read: YOU) defines these terms. I could get a dictionary definition if I wanted to, but I can’t poll you by looking in a dictionary. :)

So, in other words, what are some qualities of fiscal conservatism? How would you describe it? How would you expect a fiscally conservative person or country to manage money? Same for fiscal liberalism. (Think about explaining this to an eight-year-old, if that would help.)

Also, if you want, please let us know if you consider yourself to be a fiscal conservative or liberal, and why.

Again: there aren’t any right or wrong answers for this question, which is why I put this in “social” instead of “general,” although I would like best if the discussion didn’t stray too far from the question. Thanks!