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4 min read
How to Claim Deductions While Filing Your Taxes?
This blog post focuses on four key sections of the Indian Income Tax Act—80C, 80CCC, 80CCD,…
One on One with a Ski Guide
Mushtaq Ahmad Magray has been taking to the snowy slopes of Gulmarg — India’s ski capital…
What Your Net Worth Tells Us About You
Your net worth — i.e. your assets minus your liabilities — is by no means the sole…
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…
4 min read
Navigating the Financial Terrain of Relationships | “Temperament” by 1 Finance
In the ever-evolving dynamics of relationships and finance, achieving harmony between love and money management is…
3 min read
Navigating the Insurance Maze: A Guide to Risk Management and Financial Security | Temperament by 1 Finance
Like what you're reading? Get our latest, straight to your inbox. Subscribe to our newsletter…
7 min read
When the Sky Falls: What to Do Amidst Financial Turbulence
In case you have watched the TVF record-making series ‘Sapne vs Everyone,’ you must remember episode…
Is There A Way To Get Better Returns On My Savings While Keeping Assets Liquid?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
3 min read
Micro Loans vs. P2P Lending
In today’s fast-evolving financial landscape, alternative lending options like Micro Loans and Peer-to-Peer (P2P) Lending are…
3 min read
Harnessing Financial Security with Joint Life Term Insurance in India
Introduction In the pursuit of financial well-being, individuals often seek comprehensive solutions to safeguard their loved…
The True Story That Inspired Our Ad Film
If you’ve watched the 1 Finance ad film or found us through it — welcome on…
What are Hedge Funds?
Hedge funds, such as our flagship long-short product, are designed to generate higher risk-adjusted returns for…
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.
