1 Finance Blog

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

TCS Applicability on Foreign Remittance

Tax Planning

6 min read

TCS Applicability on Foreign Remittance

TCS on foreign remittance ensures tax compliance while transferring money abroad, impacting both individuals and businesses.

Received a Notice under Section 148? Here’s what you need to know

Tax Planning

4 min read

Received a Notice under Section 148? Here’s what you need to know

Receiving a notice from the income tax authorities can naturally cause anxiety, especially during assessments or…

What I Learnt from My Brief Stint with Stocks

4 min read

What I Learnt from My Brief Stint with Stocks

My early memories of my father are inextricably linked to sound. As a toddler, it was…

“Benefits of Financial Well-Being for Businesses & Employees: A Guide”

Personal Finance

4 min read

“Benefits of Financial Well-Being for Businesses & Employees: A Guide”

Unlock the advantages of prioritizing financial well-being for both businesses and employees with this comprehensive guide.

Safeguarding Investments: What Happens When a P2P Lending Platform Shuts Down in India?

P2P

2 min read

Safeguarding Investments: What Happens When a P2P Lending Platform Shuts Down in India?

In recent years, Peer-to-Peer (P2P) lending platforms have gained significant traction in India as a popular…

NPS Investment for Additional Tax Deduction: Is it a Beneficial Choice?

NPS

5 min read

NPS Investment for Additional Tax Deduction: Is it a Beneficial Choice?

This article assesses the pros and cons of investing in NPS for tax deductions, aiding informed…

Understanding Sector Funds: A Deep Dive into Niche Mutual Fund Investments

Mutual Fund

3 min read

Understanding Sector Funds: A Deep Dive into Niche Mutual Fund Investments

Explore the potential of sector funds as we demystify this overlooked, yet potent, category of mutual…

Retirement Income Planning: How to Make Your Savings Last?

Retirement Planning

6 min read

Retirement Income Planning: How to Make Your Savings Last?

Are you worried about running out of money in retirement? Our article on retirement income...

Benefit of opting for the Old Tax Regime

Tax Planning

5 min read

Benefit of opting for the Old Tax Regime

When it comes to personal tax planning, taxpayers are often in a dilemma to decide whether…

Decoding Income Tax Rules for Non-Resident Indians (NRIs)

Tax Planning

5 min read

Decoding Income Tax Rules for Non-Resident Indians (NRIs)

Your trusted guide for unraveling the complexities of Income Tax Rules for Non-Resident Indians (NRIs).

How to Save Capital Gain Tax in 2025?

4 min read

How to Save Capital Gain Tax in 2025?

Capital gains tax is a type of tax levied on the profits earned from the sale…

Without a Home of My Own

4 min read

Without a Home of My Own

Early in our lives, my husband and I had decided one thing: we would not live…

moneysign shape

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.