1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
4 min read
What is Form 60: How to Fill and Download Form 60?
Introduction Have you ever tried making a substantial, high-value transaction but failed to do so because…
4 min read
Tax Planning Tips for Different Age Groups
Tax planning is an integral aspect of an individual’s personal finance, helping individuals reduce their tax…
5 min read
Is the F.I.R.E concept possible ?
By definition, it is a known fact that ‘retirement’ is a stage in life when a…
4 min read
Residential Status and its Importance in Taxation
Your tax liability depends on your residential status so it is essential to understand how you…
3 min read
5 Essential Considerations For Building a Robust Retirement Fund
As the future looms closer, the prospect of retirement often feels like an elusive dream—one that…
10 min read
Fixed Deposits vs. Debt Mutual Funds: The Legacy of Top Investments in India
Priya, a 28-year-old IT professional based in Bangalore has recently received a bonus of Rs. 5…
5 min read
Types of Wills in India: Know the differences
In India, wills are essential legal documents that allow individuals to specify how their assets should…
4 min read
Six Myths Around Women and Money
Each year, March month becomes a whole month of celebration for women in every field. Being…
3 min read
Maximising Investment Success: The Power of Diversifying Your Portfolio
Investing involves making strategic decisions to achieve your financial goals while managing risk. One of the…
4 min read
Benefit of opting for the New Tax Regime
Taxpayers are often confused when it comes to choosing between the new tax regime and the…
6 min read
ESOPs and Their Taxation
As the startup ecosystem is growing in India, companies often offer ESOPs or similar compensation plans…
5 min read
SPIVA Report – Unveiling the Active vs. Passive Debate
The ongoing debate between active and passive funds has become a staple in the financial world.…
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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.
