1 Finance Blog

Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.

Term Life Insurance: To Buy Early or Wait?

Insurance

4 min read

Term Life Insurance: To Buy Early or Wait?

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Locate Network Hospitals for Your Health Insurance in India

Insurance

4 min read

Locate Network Hospitals for Your Health Insurance in India

Imagine you’re at work on a typical Monday afternoon. Suddenly, a sharp pain hits your chest.…

New TDS Changes Effective from October 1, 2024: What You Need to Know

Tax Planning

5 min read

New TDS Changes Effective from October 1, 2024: What You Need to Know

As part of the Union Budget 2024, significant amendments to the Tax Deducted at Source (TDS)…

5 Key things to know before making a Will

Will Planning

2 min read

5 Key things to know before making a Will

Understanding that Will-making is important is a great start to ensuring that your assets are given…

Understanding Different Terms Related to Loans: A Comprehensive Guide

Liability Planning

4 min read

Understanding Different Terms Related to Loans: A Comprehensive Guide

Navigating the world of loans can be complex, especially with the numerous terms and concepts involved.…

The Global Peer-to-Peer Lending Scenario: A Transformative Financial Landscape

P2P

5 min read

The Global Peer-to-Peer Lending Scenario: A Transformative Financial Landscape

Peer-to-peer (P2P) lending has evolved from a niche financial service into a global phenomenon, reshaping the…

Comprehensive Guide to Exchange-Traded Funds (ETFs): What You Need to Know

Mutual Fund

5 min read

Comprehensive Guide to Exchange-Traded Funds (ETFs): What You Need to Know

Exchange-Traded Funds (ETFs) have become increasingly popular investment vehicles in recent years, offering a hybrid between…

Types of Retirement Plans in India

Ask a QFA

5 min read

Types of Retirement Plans in India

Retirement planning is one of the most significant financial decisions you’ll make in your life. It’s…

Here’s the Most effective Strategy for Retirement Planning

4 min read

Here’s the Most effective Strategy for Retirement Planning

What is Retirement Planning? Retirement planning involves preparing today for your future life so that you…

5 Essential Considerations For Building a Robust Retirement Fund

Ask a QFA

3 min read

5 Essential Considerations For Building a Robust Retirement Fund

As the future looms closer, the prospect of retirement often feels like an elusive dream—one that…

Where to Invest Your Monthly Surplus?

Where to Invest Your Monthly Surplus?

There are times when you have some additional money every month and you may not be…

Adjusting the sails of your investment to the weather

Investing

4 min read

Adjusting the sails of your investment to the weather

Every time there’s a minor correction in the market, we hear the same concerns: “Markets are…

moneysign shape

Discover your MoneySign®

Identify the personality traits and behavioural patterns that shape your financial choices.

Frequently Asked Questions

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What is financial planning?

Financial planning is the process of evaluating your current finances and making a plan to map your journey to financial well-being.

It involves looking at all aspects of your financial life - income, savings, debt, investments, etc.

The aim is to understand where you stand today financially and then chart a course to get you where you want to be in the long run.

Financial planning provides direction and structure to your finances. It helps you intentionally move toward financial wellness.

The plan equips you to prepare for expected life events like retirement as well as unexpected events.

In short, financial planning bridges your present circumstances to your desired financial future. It gives you a path to follow.

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What are the benefits of working with a financial advisor?

Working with a financial advisor can provide an invaluable perspective on your current situation. With the help of a financial advisor, you can assess your finances holistically - debts, assets, income streams, and more. With this comprehensive understanding, the advisor helps craft strategies tailored to your needs.

A financial plan crafted by a qualified advisor grants you agency over your financial life. It transforms vague anxiety about the future into proactive preparation. With expert guidance, you can map out actionable steps to strengthen your finances over time.

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Why is financial planning important?

Financial planning is important because it provides clarity and control over your finances.

Having a financial plan helps you:

  • Understand where you stand financially today
  • Map out specific steps to improve your financial situation
  • Prepare for major life events like marriage, child’s education, retirement etc.
  • Budget effectively and evaluate your investment portfolio
  • Strategic Tax Planning & Filing
  • Manage and reduce debt
  • Being financially ready for emergencies
  • Creating a will to preserve your legacy

In short, financial planning is essential for financial stability and peace of mind. It gives your finances direction and purpose. With proper planning, you can take charge of your money and build financial security.