Credit cards blogs
4 min read
HDFC Infinia Credit Card vs. ICICI Emerald Credit Card: Find Out Which Works for You
HDFC Infinia has got a new competitor — the ICICI Emeralde Private Metal Card. Both are…
6 min read
Top 5 Elite Credit Cards in India for International Travel in 2025
For high-income individuals who frequently fly, stay at luxury hotels, or shop globally, elite-tier travel credit…
6 min read
5 Best Mid-Range Travel Credit Cards with Rewards and Airport Lounge Access for 2025
Travel whether for work, weekend breaks, or visiting family, has become a bigger part of our…
6 min read
5 Best Entry-Level Travel Credit Cards for 2025 (₹0 – ₹1,000 Annual Fee)
In recent years, the number of credit cards in India has grown significantly. According to an…
2 min read
How to Compare Credit Cards using Scoring and Ranking Model
Choosing the right credit card can be a daunting task, given the plethora of options available…
8 min read
How to Compare Credit Cards
Credit cards—often viewed as a great tool of convenience by some due to their ease of…
7 min read
How to Calculate Credit Card Interest
Credit cards can be incredibly convenient for making purchases and managing expenses, but they come with…
4 min read
How to Get Rid of Credit Card Debt
Credit card debt in India has been on the rise, leading to significant concerns. As of…
3 min read
How do Credit Cards Work
In today’s fast-paced, digital world, credit cards have become an indispensable financial tool for millions of…
8 min read
How to Get a Credit Card for the First Time
Just a decade ago, credit cards were a luxury, with stringent eligibility criteria making them accessible…
3 min read
Understanding Credit Scores and Their Importance in Personal Loans
In the world of personal finance, few things carry as much weight as your credit score.…
7 min read
How Do We Evaluate Credit Cards: A Comprehensive Evaluation Guide
The vast variety of credit cards often raises a pertinent question: How many is too many?…
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Frequently Asked Questions
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.
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.
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.
