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
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…
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…
3 min read
Understanding Fixed and Variable Income Investments: Where Does P2P Lending Fit?
Investing involves understanding different types of income investments to balance your portfolio effectively. This blog will…
4 min read
What Is An Emergency Fund? How Much Should Your Emergency Fund Be?
Most people in India are not financially prepared to tackle emergencies if they come up. From…
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.
6 min read
Fund Manager vs. Wealth Manager vs. Financial Planner: Who They Are and Who You Really Need
India’s economy is growing fast. The average income is rising, but most people still don’t know…
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 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
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…
6 min read
What is 80C in income tax?
When it comes to tax planning, the first thing that often comes to mind is Section…
3 min read
How to Close NPS Account
The National Pension System (NPS) is a long-term retirement savings scheme designed to provide financial security…
7 min read
How to save tax for salary above ₹20 lakh for FY 2025-26
A salary above ₹20 lakhs opens up a wide range of tax planning options.
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.
