1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
What Do You Do to Feel Less Anxious About Money?
We all feel it. Anxiety, insecurity and worry about money are common, at every stage of…
3 min read
Navigating the Maze of Residential Real Estate Investment in India | “Temperament” by 1 Finance
It is more important than ever to grasp the nuances of residential investment in the quickly…
4 min read
How to File a Life Insurance Claim
In an unpredictable world, a life insurance policy stands as a vital safeguard to protect our…
Do What You Love, But You May Not Earn as Much
“Money, it’s a gas.” “Money, money, money, must be funny, in the rich man’s world.” “Money,…
2 min read
Who Should Invest in NPS Balanced Life Cycle Fund?
The National Pension System (NPS) offers different investment strategies to help individuals plan for their retirement.…
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…
3 min read
Unknown Clauses About Life Insurance Policies to Watch
In India, life insurance has long been an emotional decision for families. It remains a push…
One on One with a Bat Biologist
Welcome to our very first edition of One on One, an exclusive series of leisurely interviews…
Lessons from the Pandemic, by India’s Leading Food Entrepreneurs
The lockdowns were undoubtedly hard on business owners and entrepreneurs across industries. But a sector that…
Is Crypto for Everyone?
Crypto coins rank among the most popular investment options today, but they’ve also emerged as a…
3 min read
Flexi-Cap Funds vs. Sector Funds: Which One Should You Choose?
Investing in mutual funds can be confusing, especially when deciding between flexi-cap funds and sector funds.…
The Sensory World of Online Shopping
It’s one of those days when you know that nothing but an iced coffee can make…
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.
