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

Decoding Income Tax Rules for Non-Resident Indians (NRIs)

Tax Planning

5 min read

Decoding Income Tax Rules for Non-Resident Indians (NRIs)

Your trusted guide for unraveling the complexities of Income Tax Rules for Non-Resident Indians (NRIs).

Considering NPS Vatsalya for Your Child’s Future? Explore the Pros and Cons Before Investing

NPS

7 min read

Considering NPS Vatsalya for Your Child’s Future? Explore the Pros and Cons Before Investing

Considering NPS Vatsalya for your child's financial future? This pension tool helps build long-term wealth and…

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.

Protecting Consumer Rights in P2P Lending: A Guide to Filing Complaints in India

Protecting Consumer Rights in P2P Lending: A Guide to Filing Complaints in India

Peer-to-peer (P2P) lending has emerged as a popular alternative to traditional banking in India, offering borrowers…

One on One with a Wedding Emcee

Personal Finance

7 min read

One on One with a Wedding Emcee

Newman D’silva has hosted over 500 events since 2013 — but that’s not all he’s been…

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 multi-cap funds dilemma: Is the 25% allocation rule holding fund managers back?

Mutual Fund

7 min read

The multi-cap funds dilemma: Is the 25% allocation rule holding fund managers back?

When you look at equity mutual funds, the first thing that comes to your mind is…

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…

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…

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…

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…

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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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