1 Finance Blog

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

Credit Cards: A Journey of Rewards and Risks

Credit cards blogs

2 min read

Credit Cards: A Journey of Rewards and Risks

This blog post explores the benefits and potential pitfalls of credit cards, emphasizing the significance of…

How to Be Debt Free Without Compromising Retirement

Loan Planning

3 min read

How to Be Debt Free Without Compromising Retirement

In today’s fast-paced world, especially in India, people of all ages, particularly young adults, are turning…

Unlocking the Benefits of Travel Insurance in India

Insurance

4 min read

Unlocking the Benefits of Travel Insurance in India

Discover how Travel Insurance can safeguard your journeys and provide peace of mind while exploring India's…

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.…

How Much Loan is Too Much Loan?

Loan Planning

4 min read

How Much Loan is Too Much Loan?

Desire is a very fundamental to human nature and satisfying these desires comes at a cost.…

Do you really need the personal services of a legal professional to make a will?

Estate Planning

5 min read

Do you really need the personal services of a legal professional to make a will?

Dive into the complexities of will creation in India, weighing the pros and cons of DIY…

Best Home Loan Lenders in India 2025

Loan Planning

5 min read

Best Home Loan Lenders in India 2025

In India, buying a home is a dream for all, but it often requires a significant…

Safeguarding Investments: What Happens When a P2P Lending Platform Shuts Down in India?

Safeguarding Investments: What Happens When a P2P Lending Platform Shuts Down in India?

In recent years, Peer-to-Peer (P2P) lending platforms have gained significant traction in India as a popular…

Mastering Personal Loans: Your Ultimate Guide to Financial Flexibility and Smart Borrowing | Temperament by 1 Finance

Temperament

3 min read

Mastering Personal Loans: Your Ultimate Guide to Financial Flexibility and Smart Borrowing | Temperament by 1 Finance

In an era where financial flexibility is more important than ever, personal loans emerge as the…

TCS Applicability on Foreign Remittance

Tax Planning

6 min read

TCS Applicability on Foreign Remittance

TCS on foreign remittance ensures tax compliance while transferring money abroad, impacting both individuals and businesses.

Why Will Drafting is the Most Important Piece in Your Financial Planning Jigsaw!

Estate Planning

4 min read

Why Will Drafting is the Most Important Piece in Your Financial Planning Jigsaw!

Discover the importance of drafting a will as a pivotal aspect of financial planning, ensuring that…

Is Buying a Home a Good Investment?

Investing

4 min read

Is Buying a Home a Good Investment?

Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…

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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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