1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
What Do You Do to Feel Less Anxious About Money?
We all feel it. Anxiety, insecurity and worry about money are common, at every stage of…
The Tricky Ease of Buy Now, Pay Later Schemes
In a time when the accumulation of commodities has become the norm, it’s easy to believe…
Do What You Love, But You May Not Earn as Much
“Money, it’s a gas.” “Money, money, money, must be funny, in the rich man’s world.” “Money,…
Are Millennials Worse Off than Baby Boomers?
For her 31st birthday, Charu, a high-level marketing executive with a large MNC, decided to treat…
Why We Believe There Are 3 Generations of Wealth Creators
The journey of cultivating, multiplying and accumulating wealth unfolds over several generations, and while it’s certainly…
Why It Helps to Know Your Investment Horizon
The investment horizon — sometimes called the investor’s time horizon — is a fairly simple concept.…
Why Is It Hard to Talk About Money?
It’s a story as old as time. A bunch of friends go out for a meal.…
The Treasures We Hold Close
How do you ascribe value to an object? Is it how much money it cost? Or…
Is Crypto for Everyone?
Crypto coins rank among the most popular investment options today, but they’ve also emerged as a…
A Cheeky Look into Everyone’s Festive Spending
Buy a box of 24 carat gold-leaf mithai. The guilt won’t be about the calories. Like…
It Gets Worse Before It Gets Better
It was a grim evening. I was reading and re-reading a piece of text that I…
How 1 View Solves the Problem of Scattered Finances
Our intention with building 1 Finance, from Day One, has been to solve glaring issues with…
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.
