1 Finance Blog

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

How to Save Capital Gain Tax in 2025?

4 min read

How to Save Capital Gain Tax in 2025?

Capital gains tax is a type of tax levied on the profits earned from the sale…

Importance of Liability Planning for Salaried Individuals

Loan Planning

5 min read

Importance of Liability Planning for Salaried Individuals

If you're a salaried individual, it's crucial to understand the importance of liability planning.

What is the best investment for you in 2025?

Investing

5 min read

What is the best investment for you in 2025?

From fixed income to stocks, mutual funds, real estate, and gold, there are several investment options…

How to Start an Investment Portfolio: A Step-by-Step Guide

Investing

7 min read

How to Start an Investment Portfolio: A Step-by-Step Guide

Learn how to start your investment portfolio with our comprehensive step-by-step guide. Learn how to start…

Comprehensive Guide to Exchange-Traded Funds (ETFs): What You Need to Know

Mutual Fund

5 min read

Comprehensive Guide to Exchange-Traded Funds (ETFs): What You Need to Know

Exchange-Traded Funds (ETFs) have become increasingly popular investment vehicles in recent years, offering a hybrid between…

How Can You Start Tax Filing in 2024?

Tax Planning

5 min read

How Can You Start Tax Filing in 2024?

Filing your Income Tax Return (ITR) in India can feel overwhelming, especially for first-timers. The complex…

5 Reasons Why NPS Should Be Your Go-To Option for Retirement Planning

NPS

4 min read

5 Reasons Why NPS Should Be Your Go-To Option for Retirement Planning

Are you looking for an investment that allows you to grow your hard-earned money with market-linked…

Locate Network Hospitals for Your Health Insurance in India

Insurance

4 min read

Locate Network Hospitals for Your Health Insurance in India

Imagine you’re at work on a typical Monday afternoon. Suddenly, a sharp pain hits your chest.…

Tax Filing: Understanding Key Terminologies

Tax Planning

5 min read

Tax Filing: Understanding Key Terminologies

Filing your Income Tax Return (ITR) in India can feel confusing at first. There are a…

The Psychology of Wealth: Navigating Financial Success with Mindset Mastery | Temperament by 1 Finance

Temperament

4 min read

The Psychology of Wealth: Navigating Financial Success with Mindset Mastery | Temperament by 1 Finance

In a world increasingly focused on material wealth, understanding the psychological aspects of money is key…

What is Lifestyle Inflation?

Personal Finance

3 min read

What is Lifestyle Inflation?

Ramesh Rao, a 60-year-old retired IT professional, lives in Bengaluru with his wife, Meera. Their children,…

Decoding a Will for a retail customer with the right questions

Personal Finance

3 min read

Decoding a Will for a retail customer with the right questions

The discussion of “making a will” brings images of heavy paperwork, legal jargon, lawyers, hefty fees,…

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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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