1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
4 min read
Income From Real Estate Investment Trusts (REITs) and its Taxation
Real Estate Investment Trusts (REITs) have become a popular investment option for individuals seeking exposure to…
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.
4 min read
Adjusting the sails of your investment to the weather
Every time there’s a minor correction in the market, we hear the same concerns: “Markets are…
4 min read
Can I file ITR for the last 3 years?
Whether you’re applying for a bank loan or filing a visa application, income tax returns for…
4 min read
The Reality of Mumbai Realty
Mumbai, known as “Amchi Mumbai,” is a symbol of India’s strength and ambition. This lively city…
7 min read
Financial strategies when you are in your 20
Are you in your 20s and looking for ways to manage your finances? This article is…
7 min read
Why Typical Goal-Based Financial Planning Is Not Sufficient For Your Retirement
Imagine that it is the start of a slow, stress-free weekend where you’re sipping your morning…
5 min read
Creating a Will? Don’t Overlook Section 63 of the Indian Succession Act!
When it comes to safeguarding your legacy, creating a will is one of the most important…
4 min read
Term Life Insurance: To Buy Early or Wait?
Like what you're reading? Get our latest, straight to your inbox. Subscribe to our newsletter…
3 min read
Don’t Start 2025 Without Answering These 5 Financial Questions
The end of the year is a natural time for reflection and planning. We think about…
6 min read
A Beginner’s Guide to Evaluating Mutual Funds
Are you new to investing in mutual funds? This beginner's guide will teach you how to…
7 min read
How Do We Evaluate Credit Cards: A Comprehensive Evaluation Guide
The vast variety of credit cards often raises a pertinent question: How many is too many?…
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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.
