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8 min read
How to Compare Credit Cards
Credit cards—often viewed as a great tool of convenience by some due to their ease of…
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…
8 min read
Active vs Passive Mutual fund: Which is best for you?
Undecided on active vs. passive mutual funds? Get clarity on your investment goals and risk tolerance…
5 min read
Form 15G & Form 15H: Overview, Usage, Parts, and Eligibility
If you have completed your tax filing for 2023-24 and are now looking to maximise your…
5 min read
How to Choose a Financial Advisor in India
Choosing a financial advisor is a difficult task. A right financial advisor can set your finances…
5 min read
Property registration not proof of ownership, says SC: Here are the documents that proves your homeownership
You’ve probably felt a sense of relief after registering a property. Once the papers are signed…
3 min read
Mutual Fund Taxation in India (FY 2024-25): What Investors Need to Know
Mutual funds continue to be one of the most popular investment options for individuals and institutions…
3 min read
What are Cryptocurrencies?
Crypto-currencies are reshaping India's financial landscape, offering decentralized digital assets that hold the potential to revolutionize…
4 min read
Emotions, Ego’s and Equity Markets!
How much do we love listening to this Kishore Kumar classic…,’Zindagi ka Safar hai ye kaisa…
6 min read
The Evolving Regulatory Framework for Cryptocurrency
Explore the dynamic shifts in cryptocurrency regulations. Stay informed and adapt to the changing contours of…
3 min read
Optimizing Your Credit Card Usage: Strategies for Reward Maximization
Dive into our exploration of credit card strategies, unlocking the potential for significant savings and benefits…
4 min read
Avoid These 8 Common Mistakes While Drafting Your Will: A Comprehensive Guide
Explore common pitfalls in will drafting and discover insightful tips to create a robust will for…
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.
