1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
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…
What’s Age Got to Do with It?
Money choices, and more specifically investment patterns, are determined by several aspects of our life and…
It’s Never Too Late
About two years ago, I logged into my bank account and felt a jolt of shock.…
It’s OK to Want More Money
The way we think about money, and what we do with it, tends to be shaped…
How the Hindsight Bias Clouds Your Financial Decisions
The choices we make on an everyday basis are influenced by several things — they reflect our…
Behind the Scenes of Building MoneySign®
When we set out to build 1 Finance, one of the things we had the most…
Lessons from the Pandemic, by India’s Leading Food Entrepreneurs
The lockdowns were undoubtedly hard on business owners and entrepreneurs across industries. But a sector that…
A Quick Breakdown of What a Depreciating Rupee Means for You
In everyday transactions of late, you might’ve noticed a gradual spike in the price of fuel,…
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.
