1 Finance Blog

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

AMFI Unveils Three Game-Changing Initiatives to Make Mutual Fund Investing More Accessible

Mutual Fund

2 min read

AMFI Unveils Three Game-Changing Initiatives to Make Mutual Fund Investing More Accessible

The Association of Mutual Funds in India (AMFI) has rolled out three new initiatives—Chhoti SIP, Tarun…

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…

Behind the Scenes of Building MoneySign®

1 Finance Core

4 min read

Behind the Scenes of Building MoneySign®

When we set out to build 1 Finance, one of the things we had the most…

The Role of Emotional and Cognitive Shortcuts in Financial Decision-Making

Personal Finance

6 min read

The Role of Emotional and Cognitive Shortcuts in Financial Decision-Making

Discover how emotional and cognitive shortcuts impact your financial decisions, and learn to navigate them for…

Understanding CAGR and XIRR: Which One Should You Use to Calculate Investment Returns?

Mutual Fund

2 min read

Understanding CAGR and XIRR: Which One Should You Use to Calculate Investment Returns?

The objective of any investment is to generate returns, and while calculating the returns, investors come…

The WazirX Hack: A Detailed Account and Response Measures

Crypto

4 min read

The WazirX Hack: A Detailed Account and Response Measures

On July 18, 2024, the Indian crypto exchange WazirX faced one of the most significant security…

Most Common Challenges People Face During Retirement Planning 

Retirement Planning

4 min read

Most Common Challenges People Face During Retirement Planning 

“Retirement is a time to enjoy the things you never could before.” Like what you're reading?…

Can you claim both HRA and home loan deductions?

Tax Planning

4 min read

Can you claim both HRA and home loan deductions?

Many people in India have purchased homes using loans and are paying installments. The Income Tax…

Financial Well-Being for Kids & Teens: A Teaching Guide

Personal Finance

4 min read

Financial Well-Being for Kids & Teens: A Teaching Guide

Empower future generations with financial literacy through this essential guide to teaching kids and teens about…

Product over people : How you are missold a financial product

1 Finance Core

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…

Closing a Loan: Key Things to Keep in Mind

Loan Planning

4 min read

Closing a Loan: Key Things to Keep in Mind

When it comes to personal finance, loans are often a necessity for major purchases or investments,…

The Importance of Emergency Funds and How to Build One

Investing

4 min read

The Importance of Emergency Funds and How to Build One

In the world of personal finance, there’s one piece of advice that financial experts agree on…

moneysign shape

Discover your MoneySign®

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

Frequently Asked Questions

faq-icon

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.

faq-icon

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.

faq-icon

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.

Chat with us