1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
Cold Wallets: The Gold Standard of Crypto Security
The cryptocurrency market continues to expand, bringing increased security concerns for investors. With cyber threats on…
5 min read
5 Hidden Credit Card Charges That You Should Know About
Credit cards can be powerful financial tools when used strategically. However, hidden fees can accumulate rapidly,…
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…
Making Sense of Money on the Therapist’s Couch
Ask him to help. You need the money. You don’t ask. Instead: panic, anxiety, irritable bowel…
Liabilities: Overlooked, Misunderstood, and Mismanaged
What comes to mind when you think about liabilities? Is it visions of overdue bills, crushing…
Why You Should Consider Refinancing Your Debt
Debt refinancing refers to the exercise of reorganising your debt by replacing your existing loan with…
2 min read
Should You Diversify Your Investments Beyond Nifty 50? Know What Should Be Your First Priority
The Nifty 50 Index has long been a popular investment choice for Indian investors, delivering an…
When and Why Should I Get a Credit Card?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
Is Market Risk All You Need to Consider While Investing?
“Mutual fund investments are subject to market risks, read all scheme-related documents carefully.” This all-too familiar…
Is It Possible to Avoid Tax on Long-Term Capital Gains?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
How Reactive Purchases Impact Our Carbon Footprint
It all began with a dressing gown. Like what you're reading? Get our latest, straight to…
Navigating Money Matters in a Relationship
“In our home, all talk begins and ends with money,” Sarita complains to a concerned neighbour…
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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.
