Personal Finance
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Here’s How You Can Create Your Wedding Budget Without Compromising Your Financial Goals
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7 Out of 10 Indians Dream of Owning Their a House
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What is Fund of Funds? Know the Types, Advantages and Disadvantages of FOFs
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Micro Loans vs. P2P Lending
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Why Financial Planning Is More Important Than Ever in 2025
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Performance of India’s Nifty 50 Constituents in 2024: Last year in Review
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Key Financial Lessons from History to Protect Your Money in 2025
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Why Financial Planning Is the Key to Unlocking Your Peace of Mind: Here’s How
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Investment Alone is Not Financial Planning. Know What Financial Planning Truly is!
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When the Sky Falls: What to Do Amidst Financial Turbulence
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How to Apply for Health Insurance Under PM-JAY Scheme
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How to Create a Financially Smart New Year Resolution Plan
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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.
