1 Finance Blog

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

What Your Financial Behaviour Score Means

4 min read

What Your Financial Behaviour Score Means

The thought of planning your finances, or simply making money choices, can be daunting — it…

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

ITR Filing

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…

How to save tax for salary above ₹10 lakh for FY 2025-26?

ITR Filing

5 min read

How to save tax for salary above ₹10 lakh for FY 2025-26?

Earning above ₹10 lakh annually places you in one of the highest income tax brackets in…

Planning to pause your SIP during a market crash? Think again!

Investing

3 min read

Planning to pause your SIP during a market crash? Think again!

While systematic investment plans (SIPs) continue to be one of the best ways to grow wealth…

Understanding Tax Credits: How to Use Form 26AS and Annual Information Statement (AIS) for Accurate ITR Filing

ITR Filing

4 min read

Understanding Tax Credits: How to Use Form 26AS and Annual Information Statement (AIS) for Accurate ITR Filing

Form 26AS and Annual information statement (AIS) display a comprehensive view of the financial transactions made…

How to Report Capital Gains Correctly in Your ITR

ITR Filing

5 min read

How to Report Capital Gains Correctly in Your ITR

ITR filing seems complicated especially when you have income from capital gains. However, with a clear…

How to Close NPS Account

NPS

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…

Where to Invest Your Monthly Surplus?

4 min read

Where to Invest Your Monthly Surplus?

There are times when you have some additional money every month and you may not be…

How to File Income Tax Return Online Using Form 16?

Tax Planning

5 min read

How to File Income Tax Return Online Using Form 16?

Introduction If you are new to filing your own ITR request, chances are that you have…

ChatGPT vs. financial advisors: Can ChatGPT be your financial advisor and manage money?

Personal Finance

7 min read

ChatGPT vs. financial advisors: Can ChatGPT be your financial advisor and manage money?

If you’ve ever turned to ChatGPT to draft a tricky email, find a meal prep recipe,…

The Consequences of Not Filing Income Tax Returns (ITR)

ITR Filing

5 min read

The Consequences of Not Filing Income Tax Returns (ITR)

This blog highlights the importance and consequences of timely Income Tax Return (ITR) filing, focusing on…

How to Save for a House: Mastering the Art of Saving

Personal Finance

7 min read

How to Save for a House: Mastering the Art of Saving

So, you’re all set to embark on the exciting journey of buying your dream home, huh?…

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Discover your MoneySign®

Identify the personality traits and behavioural patterns that shape your financial choices.

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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