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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 Strengthens Guidelines for P2P Lending Platforms
The Reserve Bank of India (RBI) recently issued a revised circular on August 16, 2024, introducing…
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…
2 min read
New Income Tax Slabs, Rates After Budget 2025 But Don’t Calculate Your Taxes Based On Them While Filing ITR In FY24-25
Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025-26 on February 1,2025 introducing a revised income…
4 min read
How To Master Financial Planning During Major Life Stages
Life’s transitions are pivotal moments that shape our journey, affecting both our financial well-being and emotional…
4 min read
Gifts and Their Tax Implications
In India, exchanging gifts is a common way to express love and gratitude within our culture.…
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…
4 min read
Liquid Funds Offer Better Returns than Bank Savings Accounts: Know All About Liquid Funds
When it comes to mutual fund investments, we often think that equity-oriented funds are our only…
6 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…
6 min read
The Role of Emotional and Cognitive Shortcuts in Financial Decision-Making
Discover how emotional and cognitive shortcuts impact your financial decisions, and learn to navigate them for…
4 min read
What is RERA Carpet Area? Why It’s Important, How It’s Calculated?
In this blog, we’ll dive into everything you need to know about RERA carpet area: what…
6 min read
5 Best Mid-Range Travel Credit Cards with Rewards and Airport Lounge Access for 2025
Travel whether for work, weekend breaks, or visiting family, has become a bigger part of our…
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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.
