1 Finance Blog

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

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…

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.…

Filing ITR online on your own? It could cost more than you save in taxes

ITR Filing

7 min read

Filing ITR online on your own? It could cost more than you save in taxes

Are you relying on DIY portals to file your own ITR at the last minute for…

How to financially prepare and protect your assets before divorce

Personal Finance

16 min read

How to financially prepare and protect your assets before divorce

Planning for divorce? Begin with financial planning

Achieve Your Financial Dreams: A Step-by-Step Guide to Portfolio Rebalancing

Investing

4 min read

Achieve Your Financial Dreams: A Step-by-Step Guide to Portfolio Rebalancing

Priorities and ambitions naturally shift as one progresses through life. In the same way, your investment…

7 Key Factors That Affect Your Term Insurance Premium

Insurance

4 min read

7 Key Factors That Affect Your Term Insurance Premium

Term insurance is a vital component of a sound financial plan. It provides financial security to…

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…

How 1 Finance Applies the ‘Three Generations of Wealth Creators’ Framework in Financial Planning

Personal Finance

5 min read

How 1 Finance Applies the ‘Three Generations of Wealth Creators’ Framework in Financial Planning

Financial planning is not a one-size-fits-all approach. Each individual has unique financial goals, challenges, and levels…

What is the Role of a Financial Advisor in Your Life?

Personal Finance

5 min read

What is the Role of a Financial Advisor in Your Life?

“There is no such thing as a self-made man. You will reach your goals only with…

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…

The Financial Realities of the Soft Life

Personal Finance

4 min read

The Financial Realities of the Soft Life

The daily grind. The hustle culture. The nine to five. Call it what you may, but…

Difference between a living will and a will: One for your life, one for your legacy

Estate Planning

7 min read

Difference between a living will and a will: One for your life, one for your legacy

A living Will is for your medical treatment preferences and a regular Will is to distribute…

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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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