1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
What’s Age Got to Do with It?
Money choices, and more specifically investment patterns, are determined by several aspects of our life and…
4 min read
Super Top-Up Health Insurance
This blog delves into the critical aspects, benefits, and comparisons of Super Top-Up Health Insurance and…
It Gets Worse Before It Gets Better
It was a grim evening. I was reading and re-reading a piece of text that I…
How Can I Earn Passive Income?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
How to Invest to Combat Inflation
Inflation is a pervasive but regular economic occurrence that weakens purchasing power. It causes concern among…
It’s OK to Want More Money
The way we think about money, and what we do with it, tends to be shaped…
3 min read
Harnessing Financial Security with Joint Life Term Insurance in India
Introduction In the pursuit of financial well-being, individuals often seek comprehensive solutions to safeguard their loved…
3 min read
What is Interest Rate Risk? How to Hedge Against It?
When it comes to investing in fixed-income securities like bonds, many people assume they are a…
How Emotional Investing Triggers Bad Financial Decisions
Traditional financial theory assumes that investors with access to complete market information make decisions based on…
7 min read
When the Sky Falls: What to Do Amidst Financial Turbulence
In case you have watched the TVF record-making series ‘Sapne vs Everyone,’ you must remember episode…
Embracing Financial Minimalism: A Path to Serenity | Temperament by 1 Finance
Dive into the world of financial minimalism with the latest episode of “Temperament” by 1 Finance,…
The True Story That Inspired Our Ad Film
If you’ve watched the 1 Finance ad film or found us through it — welcome on…
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.
