1 Finance Blog

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

How to Get a Credit Card for the First Time

Credit cards blogs

8 min read

How to Get a Credit Card for the First Time

Just a decade ago, credit cards were a luxury, with stringent eligibility criteria making them accessible…

Affordable Housing in Mumbai and Its Complex Challenges

Real estate

6 min read

Affordable Housing in Mumbai and Its Complex Challenges

This blog explores the socio-economic challenges, pricing trends, and policy interventions shaping Greater Mumbai’s housing affordability…

How to Restructure Your Loan: Understating Loan Restructuring

Loan Planning

5 min read

How to Restructure Your Loan: Understating Loan Restructuring

The devastating effects of the COVID-19 pandemic left a trail of financial turmoil in its wake.…

Are Your Mutual Funds Portfolios Overlapping? Here’s How to Tell

Mutual Fund

6 min read

Are Your Mutual Funds Portfolios Overlapping? Here’s How to Tell

Building a well-diversified mutual fund portfolio is key to reducing risk and maximising returns. But many…

How to Do Tax Harvesting for Mutual Fund Returns

Mutual Fund

4 min read

How to Do Tax Harvesting for Mutual Fund Returns

Tax harvesting is a strategy used by investors to minimize their tax liabilities by offsetting gains…

Understanding the dynamics of Individual Vs Family Floater Health Insurance

Insurance

7 min read

Understanding the dynamics of Individual Vs Family Floater Health Insurance

Meet the Kumar family: Mr. Kumar, aged 45 years, Mrs. Kumar, a youthful 42 years, and…

Is Agricultural Income Fully Exempt from Income Tax?

Tax Planning

4 min read

Is Agricultural Income Fully Exempt from Income Tax?

Agricultural income is commonly viewed as entirely tax-free, but few complications are involved in its tax…

Income Tax on Income Earned Online in India

Tax Planning

6 min read

Income Tax on Income Earned Online in India

Unlock the secrets of navigating income tax on your online earnings in India with our comprehensive…

Income Tax Slabs, Rates for FY2025-26, FY2024-25 Under the New Tax Regime and Old Tax Regime; Check How Much Tax You Have to Pay

ITR Filing

10 min read

Income Tax Slabs, Rates for FY2025-26, FY2024-25 Under the New Tax Regime and Old Tax Regime; Check How Much Tax You Have to Pay

Do you know which tax bracket you fall into for FY2024-25 or FY2025-26? You might feel…

Documents Required for Surrendering a Life Insurance Policy

Personal Finance

3 min read

Documents Required for Surrendering a Life Insurance Policy

Surrendering a life insurance policy with the Life Insurance Corporation (LIC) of India involves a structured…

Introduction to Behavioural Finance: Decoding the Psychology of Financial Decision-Making

Personal Finance

5 min read

Introduction to Behavioural Finance: Decoding the Psychology of Financial Decision-Making

Behavioral finance explores how psychology and biases impact financial decision-making.

HDFC Infinia Credit Card vs. ICICI Emerald Credit Card: Find Out Which Works for You

Credit cards blogs

4 min read

HDFC Infinia Credit Card vs. ICICI Emerald Credit Card: Find Out Which Works for You

HDFC Infinia has got a new competitor — the ICICI Emeralde Private Metal Card. Both are…

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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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