4 min read
Introduction It is officially that time of the year when office WhatsApp groups are overflowing with…
6 min read
When we talk about saving on taxes, exemptions can make a world of difference. One section…
5 min read
If you have completed your tax filing for 2023-24 and are now looking to maximise your…
5 min read
Understanding Long Term Capital Gains (LTCG) is crucial for any taxpayer. So, what is LTCG? It’s…
7 min read
In India, we love to buy properties, and often these purchases are partly funded by the…
4 min read
It can be alarming to receive a notice from the Income Tax Department, but you can…
5 min read
Filing an Income Tax return often brings a sense of relief for taxpayers, but that relief…
4 min read
Receiving a notice under Section 143(1) is a routine part of the income tax return process.…
4 min read
Income tax laws have distinct rules for the taxation of equity shares and mutual funds. To…
5 min read
After the digitisation of the ITR request procedure, filing your ITR has become easier than ever.…
6 min read
Introduction Did you miss your ITR filing last year or the year before? If the answer…
5 min read
Introduction If you are new to filing your own ITR request, chances are that you have…
Identify the personality traits and behavioural patterns that shape your financial choices.
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.
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.
Financial planning is important because it provides clarity and control over your finances.
Having a financial plan helps you:
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.