1 Finance Blog

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

What to Keep in Mind While Building Your Financial Plan

3 min read

What to Keep in Mind While Building Your Financial Plan

Financial wellness — which means ensuring that your finances are in line with your financial circumstances…

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,…

When and Why Should I Get a Credit Card?

3 min read

When and Why Should I Get a Credit Card?

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

Simple Steps to Apply for Refund Re-issue

Tax Planning

4 min read

Simple Steps to Apply for Refund Re-issue

Introduction It is officially that time of the year when office WhatsApp groups are overflowing with…

The Tricky Ease of Buy Now, Pay Later Schemes

3 min read

The Tricky Ease of Buy Now, Pay Later Schemes

In a time when the accumulation of commodities has become the norm, it’s easy to believe…

Is Crypto for Everyone?

4 min read

Is Crypto for Everyone?

Crypto coins rank among the most popular investment options today, but they’ve also emerged as a…

How 1 View Solves the Problem of Scattered Finances

3 min read

How 1 View Solves the Problem of Scattered Finances

Our intention with building 1 Finance, from Day One, has been to solve glaring issues with…

What I Learnt from My Brief Stint with Stocks

4 min read

What I Learnt from My Brief Stint with Stocks

My early memories of my father are inextricably linked to sound. As a toddler, it was…

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…

How Do You Grow an Inheritance into a Business?

4 min read

How Do You Grow an Inheritance into a Business?

Money is incredibly interesting — it comes, it goes, it grows and it talks. I spent…

Estate Planning: A Guide to Leaving a Legacy, Not a Mess | Temperament by 1 Finance

3 min read

Estate Planning: A Guide to Leaving a Legacy, Not a Mess | Temperament by 1 Finance

In the world of financial planning, the conversation often revolves around wealth accumulation and management. However,…

Do I Need to Take More Risks to Earn High Rewards?

2 min read

Do I Need to Take More Risks to Earn High Rewards?

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.