1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
8 min read
4 Smart Ways to Reduce Your Home Loan Interest Rate While Paying EMIs
Home loan borrowers can look forward to lower interest rates in 2025, following the Reserve Bank…
3 min read
3 Essential Questions You Need to Ask Your Insurance Advisor
When it comes to insurance, it’s not just about picking a policy and paying the premiums—it’s…
5 min read
Why Should You Only Work with a SEBI Registered Investment Advisor?
When it comes to making financial decisions, selecting the right professional to guide you is crucial.…
4 min read
Achieve Your Financial Dreams: A Step-by-Step Guide to Portfolio Rebalancing
Priorities and ambitions naturally shift as one progresses through life. In the same way, your investment…
4 min read
RBI Cuts Repo Rate by 25 Basis Points to 6.25%: How Will This Impact Your Personal Finance?
The Reserve Bank of India (RBI) uses the repo rate to regulate the flow of money…
Are Millennials Worse Off than Baby Boomers?
For her 31st birthday, Charu, a high-level marketing executive with a large MNC, decided to treat…
4 min read
What is Financial Personality?
When it comes to managing money, everyone approaches financial decisions differently. Whether you’re a meticulous planner,…
5 min read
Pre-existing Conditions and Health Insurance: What You Need to Know
In the complex world of health insurance, understanding the nuances of policies can be daunting, especially…
3 min read
The Importance of a Financial Plan Before Taking a Loan
“Debt is a prolific servant but a terrible master.” Like what you're reading? Get our latest,…
5 min read
How Can You Be Financially Ready for the Arrival of a Child?
The arrival of a child is one of the most significant milestones in life, bringing immense…
2 min read
Organise Your Financial Documents with DocuLocker!
Let’s be honest—managing financial documents can feel overwhelming. Tax returns in one folder, insurance papers in…
4 min read
Don’t be Fooled by Lower Expense Ratio of Gold Mutual Funds: You Pay Expense Ratio for Both Gold Mutual Funds, ETFs
Most investors try to find the right balance in investing, and in their quest to do…
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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.
