1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
5 min read
How to Restructure Your Loan: Understating Loan Restructuring
The devastating effects of the COVID-19 pandemic left a trail of financial turmoil in its wake.…
7 min read
Understanding the dynamics of Individual Vs Family Floater Health Insurance
Meet the Kumar family: Mr. Kumar, aged 45 years, Mrs. Kumar, a youthful 42 years, and…
5 min read
Introduction to Behavioural Finance: Decoding the Psychology of Financial Decision-Making
Behavioral finance explores how psychology and biases impact financial decision-making.
4 min read
10 Things to Remember Before Investing for the First Time
Investing can be a powerful tool for wealth creation and securing financial stability. However, for first-time…
Essentials & Importance of Writing a Will
What happens to everything you own after you die? Without a will, your life’s work could…
6 min read
Understanding the Role of Stablecoins in the Crypto Market
Explore the dynamic role of stablecoins in the crypto market as they bridge the gap between…
4 min read
Term Life Insurance: To Buy Early or Wait?
Like what you're reading? Get our latest, straight to your inbox. Subscribe to our newsletter…
4 min read
Adjusting the sails of your investment to the weather
Every time there’s a minor correction in the market, we hear the same concerns: “Markets are…
6 min read
Are Your Mutual Funds Portfolios Overlapping? Here’s How to Tell
Building a well-diversified mutual fund portfolio is key to reducing risk and maximising returns. But many…
3 min read
How Not to Plan Your Finances: Common Pitfalls to Avoid
Financial planning is a cornerstone of achieving long-term financial security and stability. However, not all financial…
5 min read
Maximizing Credit Card Rewards: A Comprehensive Guide
Unlock the secrets of maximizing credit card rewards. Learn about cashbacks, reward points, and more. Make…
2 min read
The Importance of Growth Assets in Your Portfolio
Priya Kumar, a 40-year-old IT professional from Bengaluru, earns ₹1,50,000 monthly. Despite saving regularly, she worries…
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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.
