1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
- All
- New
- Mutual Fund
- Investing
- Loan Planning
- Retirement Planning
- Insurance
- Crypto
- Tax Planning
- Credit cards blogs
- Personal Finance
- Estate Planning
- Learn
- Behavioural Finance
- Temperament
- Peer to Peer lending (P2P)
- Scoring and Ranking
- Ask a QFA
- 1 Finance Core
- Personal Essays
- 1 Finance Editorials
- Real estate
- NPS
- ITR Filing
4 min read
Leveraging Derivatives for Personal Wealth Management – Pros and Cons
Leverage allows traders to amplify their exposure to an underlying asset without needing to commit the…
3 min read
Build an Emergency Fund or Invest First? What’s the Right Choice?
During the Great Recession (December 2007 – June 2009), the U.S. unemployment rate rose from 5%…
2 min read
Exploring the Landscape of Altcoins
This blog explores the diverse landscape of altcoins, their various types and practical applications, and their…
5 min read
Budget 2025: New income tax slabs, other key Budget announcements that will impact your personal finance
In her Budget 2025 address, Finance Minister Nirmala Sitharaman declared her tax proposal’s objective to be,…
7 min read
3 best reward credit cards for daily use in 2025
With the right credit card, your everyday transactions can translate into real, high-value benefits—free flight tickets,…
4 min read
Unleash the Power of Your Credit Card Benefits
This guide encapsulates strategic credit card use for maximum benefits, focusing on understanding rewards, smart spending,…
3 min read
The Advent of Central Bank Digital Currency
Exploring CBDCs, Digital Rupee, and global initiatives for Central Bank Digital Currencies.
6 min read
How to Save Tax on Capital Gains from sale of Residential house property?
Learn how to minimize your tax liability and maximize profits when selling a residential house property…
5 min read
How Much Return Can You Expect from IPOs? An Average IPO Massively Underperforms Nifty 50 Returns, Shows Research
How have the IPOs historically performed for investors who bought at the offer price and held…
5 min read
The Global Peer-to-Peer Lending Scenario: A Transformative Financial Landscape
Peer-to-peer (P2P) lending has evolved from a niche financial service into a global phenomenon, reshaping the…
5 min read
Section 80 Deduction List
Tax planning plays a vital role in managing your finances effectively. Amongst many deductions in the…
6 min read
How Can Understanding the Economy Improve Your Financial Planning?
The economy is ever-changing, but with knowledge, you can be prepared. It’s not just about reacting…
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.
