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3 min read
Tax Season and Financial Mis-Selling: What You Need to Know
Every year, as the financial year draws to a close, there’s one ritual most taxpayers perform—calculating…
3 min read
Here’s How You Can Create Your Wedding Budget Without Compromising Your Financial Goals
A wedding is one of life’s most cherished moments, but it also comes with significant financial…
4 min read
Empowering Women in Finance: Beyond Stereotypes to Strength | Temperament by 1 Finance
In a world where financial empowerment is associated with independence, the journey to close the gender…
2 min read
How to Compare Credit Cards using Scoring and Ranking Model
Choosing the right credit card can be a daunting task, given the plethora of options available…
3 min read
5 Must-Use Financial Calculators For Personal Finance In 2025
Managing personal finance is a difficult job but using these financial calculators, you can help yourself…
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…
5 min read
Income Tax and Rental Income: A Comprehensive Guide for Property Owners
Discover how income tax applies to rental income in our comprehensive guide for property owners, clarifying…
3 min read
How to Get Out of Debt Trap by Managing Your Finances Well
In today’s fast-paced world, it’s easy to fall into the trap of accumulating debt beyond our…
3 min read
Boosting Your Credit Score with Timely Credit Card Repayment
This blog examines the link between disciplined credit card usage and improving credit scores, offering practical…
4 min read
Can ESG Funds Help Make the World a Better Place?
As capital markets have grown, so has the concern surrounding the impact of capitalism on the…
3 min read
Mastering Tax Season: Essential Preparation for ITR Filing
As the tax filing season approaches, it’s crucial to prepare for filing your Income Tax Return…
3 min read
Why We Created a Commission Analyser for Insurance Policies
Among the issues that plague India’s personal finance advisory space, the mis-selling of financial products that…
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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.
