1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
3 min read
The Evolution of Peer-to-Peer Lending: A Global Journey
In the landscape of finance, Peer-to-Peer (P2P) lending has emerged as a transformative force, revolutionizing the…
8 Financial Decisions That Were Turning Points
Our financial choices are inextricably linked to the life experiences we have and our behavioural traits,…
4 min read
Factors to Consider Before Making a Loan Prepayment
Tired of long nights spent tossing and turning, kept awake by thoughts of towering debt or…
Why 1 Finance Is More Than Just a Fintech Company
At the outset, as you begin your journey with us, we want to share our biggest…
5 Mistakes to Avoid While Choosing Your Life Insurance Policy
Like most other financial products in India, life insurance is aggressively sold by agents who might…
3 min read
Product over people : How you are missold a financial product
Picture this: you step into a financial institution, most likely a bank, seeking an insurance plan…
Ayushman Bharat Scheme (PM-JAY)
For many economically vulnerable families in India, financial planning isn’t the primary concern—basic necessities like food,…
How Digital Transactions Are Changing the Way We Spend
Before getting off a rickshaw, or upon approaching a store counter, or while paying for dinner,…
4 min read
How to afford a house in India in 2024!
In my short career of being a financial planner for the last 12 years, I have…
3 min read
How to Look For a Home Loan: A Comprehensive Guide
Purchasing your dream home is an exciting milestone, but it often requires taking on a long-term…
3 min read
How to Create a Retirement Budget in India?
Planning for retirement is crucial to ensure financial security and peace of mind in your golden…
4 min read
Effective Budgeting Strategies for Young Professionals
For most young adults, their early-mid twenties are a transitional period. This is usually when you’ve…
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.
