1 Finance Blog

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

What happens when we invest ₹100:One time vs every year

Investing

3 min read

What happens when we invest ₹100:One time vs every year

This blog will help you understand how investing can be a game changer.

Rupee hits all-time low: How falling rupee will impact your household budget, savings, investments

Personal Finance

8 min read

Rupee hits all-time low: How falling rupee will impact your household budget, savings, investments

The rupee tumbled to a historic low, crossing the 88-per-dollar mark for the first time, triggered…

Key Steps to Take 5 Years Before Retirement

Retirement Planning

5 min read

Key Steps to Take 5 Years Before Retirement

Planning for retirement is a long-term process, and the five years leading up to it are…

Tax planning for salaried Individuals – Beginners guide

Tax Planning

6 min read

Tax planning for salaried Individuals – Beginners guide

This guide empowers salaried individuals with essential tax planning knowledge to effectively manage taxes and maximize…

What is LTCG? How to save long-term capital gain tax on stocks, mutual funds, property 

ITR Filing

5 min read

What is LTCG? How to save long-term capital gain tax on stocks, mutual funds, property 

When you sell a capital asset and make a profit, you may have to pay capital…

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…

Managing Economic Cycles: A Comprehensive Guide Through Ups and Downs | Temperament by 1 Finance

Temperament

3 min read

Managing Economic Cycles: A Comprehensive Guide Through Ups and Downs | Temperament by 1 Finance

Economic cycles, with their inevitable rises and falls, shape the financial landscape we navigate daily. Understanding…

Maximizing Savings with HRA: Indian Taxation

Tax Planning

4 min read

Maximizing Savings with HRA: Indian Taxation

Discover how HRA in India affects your taxes and learn effective strategies to optimize savings.

ELSS vs. PPF: Which One Should You Choose for Your Portfolio?

Investing

3 min read

ELSS vs. PPF: Which One Should You Choose for Your Portfolio?

When it comes to tax-saving investments, two options stand out—Equity Linked Savings Scheme (ELSS) and Public…

How to Withdraw Funds from NPS Online

NPS

3 min read

How to Withdraw Funds from NPS Online

The National Pension System (NPS) is designed to provide long-term financial security, but subscribers may need…

8 Financial Decisions That Were Turning Points

6 min read

8 Financial Decisions That Were Turning Points

Our financial choices are inextricably linked to the life experiences we have and our behavioural traits,…

What is a Financial Planning Centre?

Personal Finance

3 min read

What is a Financial Planning Centre?

Your financial future is a vital part of your life. It encompasses your dreams, your security,…

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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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