1 Finance Blog

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

Demystifying Travel Insurance: Separating Fact from Fiction

Insurance

3 min read

Demystifying Travel Insurance: Separating Fact from Fiction

Unravel the truth about travel insurance with us as we debunk common myths and misconceptions, helping…

Here’s the Impact Buying a Home Has on Your Financial Health

Personal Finance

3 min read

Here’s the Impact Buying a Home Has on Your Financial Health

Buying a home is the biggest and probably the costliest financial decision we make in our…

Demystifying Taxable Income: A Beginner’s Guide for Indian Individuals

Tax Planning

6 min read

Demystifying Taxable Income: A Beginner’s Guide for Indian Individuals

Unlock the basics of taxable income in India. This beginner's guide offers clarity on taxation essentials…

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).

Choosing the Best Platform for Personal Loans: A Comprehensive Guide

Loan Planning

3 min read

Choosing the Best Platform for Personal Loans: A Comprehensive Guide

In today’s fast-paced world, accessing funds through personal loans has become easier than ever, thanks to…

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…

The Allure of Fantasy Sports

4 min read

The Allure of Fantasy Sports

In 2017, at the height of Premier Kabaddi League’s popularity, Joseph George created his kabaddi team…

What is NPS in Salary?

NPS

3 min read

What is NPS in Salary?

The National Pension System (NPS) is a voluntary retirement savings scheme introduced by the Government of…

ELSS vs. PPF: Which One Should You Choose for Your Portfolio?

Investing

3 min read

ELSS vs. PPF: Which One Should You Choose for Your Portfolio?

When it comes to tax-saving investments, two options stand out—Equity Linked Savings Scheme (ELSS) and Public…

The Tussle Between Traditional and Behavioural Finance: A Historical Perspective

Personal Finance

3 min read

The Tussle Between Traditional and Behavioural Finance: A Historical Perspective

Explore the riveting clash of ideologies as traditional finance meets the innovative insights of behavioral finance…

Why Should You Invest in Gold: Gold Prices, History and future

Investing

6 min read

Why Should You Invest in Gold: Gold Prices, History and future

There’s one metal that is historic, timeless and valuable. Yet not rare like diamond, or cheap…

What Do I Need to Know Before Taking On a Home Loan?

4 min read

What Do I Need to Know Before Taking On a Home Loan?

Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…

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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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