Personal Finance
3 min read
PMS or Mutual Funds: Where Does an Unfair Advantage Lie?
When it comes to wealth creation, investors often find themselves choosing between Portfolio Management Services (PMS)…
3 min read
Flexi-Cap Funds vs. Sector Funds: Which One Should You Choose?
Investing in mutual funds can be confusing, especially when deciding between flexi-cap funds and sector funds.…
3 min read
Here’s How You Can Create Your Wedding Budget Without Compromising Your Financial Goals
A wedding is one of life’s most cherished moments, but it also comes with significant financial…
3 min read
7 Out of 10 Indians Dream of Owning Their a House
Owning a home is a quintessential part of the Indian dream. A recent study reveals that…
3 min read
ESOPs: A Startup Perk or a Corporate Trap?
Employee Stock Ownership Plans (ESOPs) are often pitched as a lucrative wealth-creation tool, allowing employees to…
4 min read
What is Stamp duty on Gift deeds?
When it comes to transferring property or assets, a gift deed is one of the most…
5 min read
What is Fund of Funds? Know the Types, Advantages and Disadvantages of FOFs
Investors looking for diversification often come across the term Fund of Funds (FoF). But what is…
3 min read
Micro Loans vs. P2P Lending
In today’s fast-evolving financial landscape, alternative lending options like Micro Loans and Peer-to-Peer (P2P) Lending are…
3 min read
Why Financial Planning Is More Important Than Ever in 2025
The financial world in 2025 is more dynamic and unpredictable than ever. Rapid technological advancements, shifting…
5 min read
Performance of India’s Nifty 50 Constituents in 2024: Last year in Review
2024 has been quite a rollercoaster for India’s stock market. Investors saw big winners and surprising…
4 min read
Key Financial Lessons from History to Protect Your Money in 2025
The global economy has faced multiple financial crises—each one offering valuable lessons. From India’s 1991 Balance…
5 min read
Why Financial Planning Is the Key to Unlocking Your Peace of Mind: Here’s How
In today’s fast-paced and ever-changing world, achieving peace of mind can feel like an elusive goal.…
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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.
