Personal Finance
8 min read
Education Loan boom: Rising cost of education in India and why you need a financial plan
Learn how to plan your education plan for domestic and foreign education
10 min read
Registered Investment Advisers (RIAs) vs. Mutual Fund Distributors (MFDs)
Do you have a financial advisor? For most people, the answer is yes, as they have…
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Rupee hits all-time low: How falling rupee will impact your household budget, savings, investments
The rupee tumbled to a historic low, crossing the 88-per-dollar mark for the first time, triggered…
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ChatGPT vs. financial advisors: Can ChatGPT be your financial advisor and manage money?
If you’ve ever turned to ChatGPT to draft a tricky email, find a meal prep recipe,…
3 min read
Engaging with finance through crosswords
Learning about finance doesn’t have to be dull. It can be engaging, interactive, and even game-like.…
5 min read
Finance Planner vs. Wealth Manager vs. Mutual Fund Distributor vs. Insurance Agent: Which One Do You Really Need?
Money management in today’s world seems to be overwhelming, mainly because of the large number of…
4 min read
What Do Debt Funds Look Like In 2025?
In 2022, when the Reserve Bank of India (RBI) increased the repo rate, returns of existing…
3 min read
5 Must-Use Financial Calculators For Personal Finance In 2025
Managing personal finance is a difficult job but using these financial calculators, you can help yourself…
3 min read
How much do employees make in an IPO? 1 Finance Magazine research shows it’s just 0.1%
Can your 9-to-5 make you the next millionaire? Many believe it can, especially when equity is…
7 min read
Who is a Fee-Only Financial Advisor?
In the past few decades, India’s financial sector has witnessed a troubling rise in the mis-selling…
3 min read
Safe Deposit Locker in Thane: Get a Locker Without an FD or Investment
When you approach a bank to obtain a locker, many banks require you to open a…
3 min read
Safe Deposit Locker by 1 Finance: Unmatched Security, Access Available 7 Days a Week, No Investment Required
Important belongings such as legal documents, family jewelry, or personal keepsakes deserve more than just a…
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.
