1 Finance Blog

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

How Our Commission Analyser Helps Review Your Mutual Funds

Mutual Fund

4 min read

How Our Commission Analyser Helps Review Your Mutual Funds

In India, financial products aren’t always sold to you in your best interests. Mis-selling is rampant,…

How Financial Planning Can Help you?

Personal Finance

4 min read

How Financial Planning Can Help you?

When it comes to dreaming about a life well lived, personal finance can’t be ignored. Think about…

Safe Deposit Locker in Thane: Get a Locker Without an FD or Investment

Personal Finance

3 min read

Safe Deposit Locker in Thane: Get a Locker Without an FD or Investment

When you approach a bank to obtain a locker, many banks require you to open a…

What Are ETFs? How ETFs Work? and What are Types of ETFs?

Investing

5 min read

What Are ETFs? How ETFs Work? and What are Types of ETFs?

As of December 31, 2024, the Indian mutual fund industry’s Assets Under Management (AUM) reached ₹66.93…

Retirement Income Planning: How to Make Your Savings Last?

Retirement Planning

6 min read

Retirement Income Planning: How to Make Your Savings Last?

Are you worried about running out of money in retirement? Our article on retirement income...

What is Mutual Fund Scoring and Ranking?

Mutual Fund

2 min read

What is Mutual Fund Scoring and Ranking?

Investing in mutual funds can be a complex endeavour given the multitude of options available. To…

Understanding Sector Funds: A Deep Dive into Niche Mutual Fund Investments

Mutual Fund

3 min read

Understanding Sector Funds: A Deep Dive into Niche Mutual Fund Investments

Explore the potential of sector funds as we demystify this overlooked, yet potent, category of mutual…

Everything You Need to Know About Travel Insurance

Insurance

5 min read

Everything You Need to Know About Travel Insurance

As the holiday season approaches, millions of people are gearing up for memorable trips, whether it’s…

What is Tier 1 NPS?

NPS

2 min read

What is Tier 1 NPS?

NPS is divided into Tier 1 and Tier 2 accounts, each serving different investment purposes. Tier…

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…

Cold Wallet vs. Hot Wallet: Understanding the Key Differences

Crypto

2 min read

Cold Wallet vs. Hot Wallet: Understanding the Key Differences

When storing cryptocurrencies, choosing the right type of wallet is crucial. There are two primary types:…

Engaging with finance through crosswords

Personal Finance

3 min read

Engaging with finance through crosswords

Learning about finance doesn’t have to be dull. It can be engaging, interactive, and even game-like.…

moneysign shape

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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