1 Finance Blog

Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.

Taxation for Freelancers and consultants

Tax Planning

5 min read

Taxation for Freelancers and consultants

Unlike salaried individuals, freelancers and consultants often find it more complex to understand taxation requirements and…

The Weight of Money On Your Mind: How Finances Affect Your Well-being

Personal Finance

4 min read

The Weight of Money On Your Mind: How Finances Affect Your Well-being

Money is known to be the great enabler that puts the life you desire within reach.…

How We Evaluate Home Loan Lenders (and How It Helps You)

Liability Planning

6 min read

How We Evaluate Home Loan Lenders (and How It Helps You)

Finding your dream home is an exhilarating experience. But the excitement can quickly fade as you…

Does NPS Come Under 80C Deductions? What are Tax Application on NPS

NPS

3 min read

Does NPS Come Under 80C Deductions? What are Tax Application on NPS

One of the key benefits of investing in the National Pension System (NPS) is its tax-saving…

The Financial Realities of the Soft Life

4 min read

The Financial Realities of the Soft Life

The daily grind. The hustle culture. The nine to five. Like what you're reading? Get our…

Belated Return or Revision : Your Last Chance to File or Revise ITR for the Year 2022-23

Tax Planning

5 min read

Belated Return or Revision : Your Last Chance to File or Revise ITR for the Year 2022-23

When discussing personal finance, one topic we can’t overlook is income tax filing—an annual ritual where…

Investing in Mutual Funds vs. Stocks: Which is Right for You?

Investing

4 min read

Investing in Mutual Funds vs. Stocks: Which is Right for You?

The world of investing can seem daunting, especially for beginners. Deciding between mutual funds vs. stocks…

A Comprehensive Guide to Personal Liability Protection for Safeguarding Your Assets

Liability Planning

3 min read

A Comprehensive Guide to Personal Liability Protection for Safeguarding Your Assets

This post provides insights into personal liability, outlining strategies and real-life examples to secure your assets.

5 Signs It’s Time to Refinance Your Loan

Personal Finance

4 min read

5 Signs It’s Time to Refinance Your Loan

Financial responsibilities come in many forms, and loans are a common part of life for many…

4 Biggest Disadvantages Of Not Having A Financial Advisor

Personal Finance

4 min read

4 Biggest Disadvantages Of Not Having A Financial Advisor

It is heartening to know that lately more and more people are becoming genuinely concerned about…

7 Key Factors That Affect Your Term Insurance Premium

Insurance

4 min read

7 Key Factors That Affect Your Term Insurance Premium

Term insurance is a vital component of a sound financial plan. It provides financial security to…

What is Gold ETF? How does Gold ETF Works?

Investing

4 min read

What is Gold ETF? How does Gold ETF Works?

Gold, one of the world’s oldest assets, continues to capture the imagination of investors in the…

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Frequently Asked Questions

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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.

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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.

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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.

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