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4 min read
The Emotional Essence of Home: To Own or To Rent? | Temperament by 1 Finance
Imagine a world where every major decision is not just a calculation but a journey through…
4 min read
Ayushman Bharat Scheme (PM-JAY)
For many economically vulnerable families in India, financial planning isn’t the primary concern—basic necessities like food,…
3 min read
The Golden Touch: Decoding Gold Investments in Modern India | Temperament by 1 Finance
In the Indian psyche, gold is more than a precious metal; it’s a symbol of prosperity…
5 min read
Who Are You, Financially? Discover Your Financial Personality With MoneySign® to Make Smart Money Decisions
Everyone has a unique personality, which shapes how we think, act, and interact with the world.…
3 min read
The Income Tax Bill 2025: A New Era of Taxation in India
In a significant move aimed at refining the tax framework, Finance Minister Nirmala Sitharaman tabled the…
3 min read
Maximising Investment Success: The Power of Diversifying Your Portfolio
Investing involves making strategic decisions to achieve your financial goals while managing risk. One of the…
4 min read
36 unauthorised bungalows demolished in Pune: Why homebuyers should consult real estate advisors before purchasing property
Imagine building your dream home—putting in all your savings, planning every corner, and finally moving in…
3 min read
Emergency Funds: Why You Need One and How to Build It
Discover the value of an emergency fund as your personal financial buffer, empowering you to handle…
5 min read
Understanding Tax benefits of owning 2nd home
Homeownership is always a matter of pride, specifically in the Indian context where family traditions have…
3 min read
5 Must-Use Financial Calculators For Personal Finance In 2025
Managing personal finance is a difficult job but using these financial calculators, you can help yourself…
3 min read
ESOPs: A Startup Perk or a Corporate Trap?
Employee Stock Ownership Plans (ESOPs) are often pitched as a lucrative wealth-creation tool, allowing employees to…
3 min read
Protecting Consumer Rights in P2P Lending: A Guide to Filing Complaints in India
Peer-to-peer (P2P) lending has emerged as a popular alternative to traditional banking in India, offering borrowers…
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.
