1 Finance Blog

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

5 Horsemen of Solid Personal Financial Planning

Personal Finance

5 min read

5 Horsemen of Solid Personal Financial Planning

Throughout history one question has been consistently pondered upon- what constitutes a well-lived life? While the…

Why paying the credit card minimum amount due is a debt trap and how to get out of it?

Credit cards blogs

5 min read

Why paying the credit card minimum amount due is a debt trap and how to get out of it?

You have a credit card with a bill of ₹30,000 due. Your billing cycle ends on…

How to Calculate NPS Returns?

NPS

2 min read

How to Calculate NPS Returns?

The National Pension System (NPS) is a market-linked retirement savings scheme that allows individuals to accumulate…

Who is a Fee-Only Financial Advisor?

Personal Finance

7 min read

Who is a Fee-Only Financial Advisor?

In the past few decades, India’s financial sector has witnessed a troubling rise in the mis-selling…

What is 80C in income tax?

Tax Planning

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…

The Importance of a Financial Plan Before Taking a Loan

Loan Planning

3 min read

The Importance of a Financial Plan Before Taking a Loan

“Debt is a prolific servant but a terrible master.” Picture this: you’re on the brink of…

The Weight of Money On Your Mind: How Finances Affect Your Well-being

Personal Finance

4 min read

The Weight of Money On Your Mind: How Finances Affect Your Well-being

Money is known to be the great enabler that puts the life you desire within reach.…

Fund Manager vs. Wealth Manager vs. Financial Planner: Who They Are and Who You Really Need

Personal Finance

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…

Understanding Fixed and Variable Income Investments: Where Does P2P Lending Fit?

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…

Investing in Mutual Funds vs. Stocks: Which is Right for You?

Investing

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…

Retirement Funds or Equity Funds: What’s better?

Mutual Fund

3 min read

Retirement Funds or Equity Funds: What’s better?

Planning for a secure and comfortable retirement is a crucial financial goal for most people. With…

How to diversify your portfolio in today’s highly volatile market?

Investing

4 min read

How to diversify your portfolio in today’s highly volatile market?

Diversification is the practice of spreading your investments around so that your exposure to any one…

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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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