1 Finance Blog

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

How to File Income Tax Return Online?

Tax Planning

3 min read

How to File Income Tax Return Online?

Introduction Whether you’re a salaried individual or a self-employed businessperson, the Indian Income Tax Act, 1961,…

The Sensory World of Online Shopping

3 min read

The Sensory World of Online Shopping

It’s one of those days when you know that nothing but an iced coffee can make…

Decoding Insurance Commissions: Empowering Financial Choices

Insurance

3 min read

Decoding Insurance Commissions: Empowering Financial Choices

Our "Commission Analyzer" tool on Insurance empowers you to protect your finances by understanding the commission…

Your 7 point Checklist for Retirement

Retirement Planning

3 min read

Your 7 point Checklist for Retirement

When you retire, it is not only your income that stops! Retirement is not just a…

Navigating the Maze of Residential Real Estate Investment in India | “Temperament” by 1 Finance

Temperament

3 min read

Navigating the Maze of Residential Real Estate Investment in India | “Temperament” by 1 Finance

It is more important than ever to grasp the nuances of residential investment in the quickly…

What Happens When a Parent Dies While You’re Young?

4 min read

What Happens When a Parent Dies While You’re Young?

Many years ago, I came home from college one afternoon to find that my father had…

Protecting Yourself from Personal Loan Scams: A Detailed Insight into Recognizing and Avoiding Fraud

Personal Finance

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…

Retirement Funds or Equity Funds: What’s better?

Mutual Fund

3 min read

Retirement Funds or Equity Funds: What’s better?

Planning for a secure and comfortable retirement is a crucial financial goal for most people. With…

How Tech Makes Splitting Bills Easier

4 min read

How Tech Makes Splitting Bills Easier

a nice time and eaten your fill. Then the bill reaches the table, and suddenly, there’s…

What to Look for in a Financial Advisor

3 min read

What to Look for in a Financial Advisor

The relationship between a financial advisor and a client is not a one and done process,…

7 Out of 10 Indians Dream of Owning Their a House

Personal Finance

3 min read

7 Out of 10 Indians Dream of Owning Their a House

Owning a home is a quintessential part of the Indian dream. A recent study reveals that…

Term Insurance Unveiled: Covered vs. Uncovered Causes of Death

Insurance

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…

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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.