1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
The Sensory World of Online Shopping
It’s one of those days when you know that nothing but an iced coffee can make…
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…
3 min read
The Role of Financial Professional Coach in Your Retirement
While navigating the intricacies of retirement planning, it’s essential to recognize the value of seeking expert…
3 min read
Navigating the Insurance Maze: A Guide to Risk Management and Financial Security | Temperament by 1 Finance
Like what you're reading? Get our latest, straight to your inbox. Subscribe to our newsletter…
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…
What You Need to Create a Safety Net
We’ve often heard the adage that it is prudent to set aside some money ‘for a…
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…
Financial Learnings We’re Carrying into 2023
Ushering in a new year comes with its fair share of reflection on the past, and…
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,…
Should Fixed Deposits Be a Part of Your Financial Plan?
Fixed deposits, or FDs, have been a mainstay of the Indian financial landscape for a very…
Could Letting Go Actually Be Profitable?
Do you hesitate to let go of your possessions? Take a look around — maybe it…
New Year Resolution for 2024 : Why Personal Finance Should Be a Top Priority!
As another year slips away and we are all set to welcome a new one, it’s…
Discover your MoneySign®
Identify the personality traits and behavioural patterns that shape your financial choices.
Frequently Asked Questions
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.
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.
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.
