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

How to Gradually Minimise Your Principal Amount

Loan Planning

3 min read

How to Gradually Minimise Your Principal Amount

When taking out a loan, the principal and interest components are crucial factors to consider. Lenders…

The Dos and Don’ts of Sharing Your Financial Data

3 min read

The Dos and Don’ts of Sharing Your Financial Data

We tend to be discreet about our financial information, and understandably so. No one wants to…

Do you really need the personal services of a legal professional to make a will?

Estate Planning

5 min read

Do you really need the personal services of a legal professional to make a will?

Dive into the complexities of will creation in India, weighing the pros and cons of DIY…

Decoding Property Taxes: Expert Strategies for Indian Real Estate | Temperament by 1 Finance

Temperament

4 min read

Decoding Property Taxes: Expert Strategies for Indian Real Estate | Temperament by 1 Finance

Navigating the complex landscape of real estate taxation is more than just a necessity—it’s an art.…

TCS Applicability on Foreign Remittance

Tax Planning

6 min read

TCS Applicability on Foreign Remittance

TCS on foreign remittance ensures tax compliance while transferring money abroad, impacting both individuals and businesses.

PPF pre-mature withdrawal rules eased. Depositors to pay lesser penalty on pre-mature withdrawal

Personal Finance

3 min read

PPF pre-mature withdrawal rules eased. Depositors to pay lesser penalty on pre-mature withdrawal

The Public Provident Fund (PPF) is a mainstay of long-term investment in India. There are several…

Investment Alone is Not Financial Planning. Know What Financial Planning Truly is!

Personal Finance

4 min read

Investment Alone is Not Financial Planning. Know What Financial Planning Truly is!

Many people assume that investing money is the key to financial success. They focus on stocks,…

Why Will Drafting is the Most Important Piece in Your Financial Planning Jigsaw!

Estate Planning

4 min read

Why Will Drafting is the Most Important Piece in Your Financial Planning Jigsaw!

Discover the importance of drafting a will as a pivotal aspect of financial planning, ensuring that…

Performance of India’s Nifty 50 Constituents in 2024: Last year in Review

Investing

5 min read

Performance of India’s Nifty 50 Constituents in 2024: Last year in Review

2024 has been quite a rollercoaster for India’s stock market. Investors saw big winners and surprising…

How to Spot Mis-Selling at the Financial Year-End

Personal Finance

4 min read

How to Spot Mis-Selling at the Financial Year-End

Financial year end often brings with it a flood of offers, promotions, and investment opportunities. While…

Can ESG Funds Help Make the World a Better Place?

Mutual Fund

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…

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…

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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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