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

Decoding a Will for a retail customer with the right questions

Personal Finance

3 min read

Decoding a Will for a retail customer with the right questions

The discussion of “making a will” brings images of heavy paperwork, legal jargon, lawyers, hefty fees,…

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…

How Does Tax Filing Works

Tax Planning

8 min read

How Does Tax Filing Works

This article provides essential tips for timely and accurate income tax return filing to avoid notices,…

Navigating Income Tax & Taxation on Gifts Received in India

Tax Planning

4 min read

Navigating Income Tax & Taxation on Gifts Received in India

Understand taxable income basics and the taxation on gifts received. Navigate with confidence, ensuring compliance and…

What it Means to borrow on a P2P Lending platform

Peer to Peer lending (P2P)

3 min read

What it Means to borrow on a P2P Lending platform

Peer-to-peer (P2P) lending is transforming the way individuals access loans and credit. This innovative model provides…

3 Key Features of Hedge Funds: Selective Access, High Reward, Less Transparency

Investing

4 min read

3 Key Features of Hedge Funds: Selective Access, High Reward, Less Transparency

Hedge funds often come wrapped in a layer of mystery. Whenever you hear the term you…

Without a Home of My Own

Personal Finance

4 min read

Without a Home of My Own

Early in our lives, my husband and I had decided one thing: we would not live…

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...

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,…

Understanding Different Terms Related to Loans: A Comprehensive Guide

Loan Planning

4 min read

Understanding Different Terms Related to Loans: A Comprehensive Guide

Navigating the world of loans can be complex, especially with the numerous terms and concepts involved.…

Transparency and Accountability in Peer-to-Peer Lending: The Role of NBFC-P2Ps

Peer to Peer lending (P2P)

3 min read

Transparency and Accountability in Peer-to-Peer Lending: The Role of NBFC-P2Ps

Peer-to-Peer (P2P) lending has emerged as a popular alternative to traditional banking, offering individuals and businesses…

Fund Transfer Mechanisms in P2P Lending Platforms

Peer to Peer lending (P2P)

3 min read

Fund Transfer Mechanisms in P2P Lending Platforms

Central to the functioning of P2P lending platforms is the seamless transfer of funds between lenders…

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Discover your MoneySign®

Identify the personality traits and behavioural patterns that shape your financial choices.

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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.

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