1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
Ayushman Bharat Scheme (PM-JAY)
For many economically vulnerable families in India, financial planning isn’t the primary...
7 min read
Considering NPS Vatsalya for Your Child’s Future? Explore the Pros and Cons Before Investing
Considering NPS Vatsalya for your child's financial future? This pension tool helps...
5 min read
How to Choose a Financial Advisor in India
A survey by 1 Finance found that 47% of respondents believed that...
5 min read
What is the best investment for you in 2025?
From fixed income to stocks, mutual funds, real estate, and gold, there...
5 min read
The Big Deal About Investing Early in the Indian Market
Investing early is often emphasised by financial advisors, but what makes it...
8 min read
4 Smart Ways to Reduce Your Home Loan Interest Rate While Paying EMIs
Home loan borrowers can look forward to lower interest rates in 2025,...
3 min read
Top 5 Tax-Saving ELSS Mutual Funds in February 2025
Are you looking for ways to reduce your taxes? We often tend...
3 min read
The Income Tax Bill 2025: A New Era of Taxation in India
In a significant move aimed at refining the tax framework, Finance Minister...
3 min read
Are Cryptocurrencies Taxed in India? Understand the Rates, TDS and How to Calculate Tax on Crypto in India
Cryptocurrencies have gained popularity as a new form of digital asset due...
10 min read
Income Tax Slabs, Rates for FY2025-26, FY2024-25 Under the New Tax Regime and Old Tax Regime; Check How Much Tax You Have to Pay
Do you know which tax bracket you fall into for FY2024-25 or...
8 min read
Fund Manager vs. Wealth Manager vs. Financial Planner: Who They Are and Who You Really Need
India’s economy is growing fast. The average income is rising, but most...
4 min read
RBI Cuts Repo Rate by 25 Basis Points to 6.25%: How Will This Impact Your Personal Finance?
The Reserve Bank of India (RBI) uses the repo rate to regulate...
Discover your MoneySign®
Identify the personality traits and behavioural patterns that shape your financial choices.
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.
