1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
6 min read
Term Insurance Unveiled: Covered vs. Uncovered Causes of Death
In this blog, we will explore the diverse scenarios of death that term insurance policies in…
Saved Money, Will Travel
The Irish call it a Claddagh ring. It’s a pretty ring: two hands clasping a heart,…
What’s Age Got to Do with It?
Money choices, and more specifically investment patterns, are determined by several aspects of our life and…
How to Invest to Combat Inflation
Inflation is a pervasive but regular economic occurrence that weakens purchasing power. It causes concern among…
3 min read
Protecting Yourself from Personal Loan Scams: A Detailed Insight into Recognizing and Avoiding Fraud
This blog explores the surge in loan fraud in India, leading to massive losses, and offers…
The Treasures We Hold Close
How do you ascribe value to an object? Is it how much money it cost? Or…
3 min read
Difference Between Belated ITR and Revised ITR
Introduction While most people around you might have successfully filed their Income Tax Returns for the…
4 min read
4 Biggest Disadvantages Of Not Having A Financial Advisor
It is heartening to know that lately more and more people are becoming genuinely concerned about…
It’s OK to Want More Money
The way we think about money, and what we do with it, tends to be shaped…
8 min read
How Much Do You Really Need to Save for Retirement?
Planning for retirement can be overwhelming, but our comprehensive guide breaks down exactly...
Making Sense of Money on the Therapist’s Couch
Ask him to help. You need the money. You don’t ask. Instead: panic, anxiety, irritable bowel…
5 min read
Why Do You Need a Safe Deposit Locker?
There are things you can lose and not care much about. But there are some things…
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.
