1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
7 min read
HDFC Infinia Credit Card benefits, rewards, eligibility, annual fee and other key features
The HDFC Infinia Credit Card offers a metallic card design, unlimited airport lounge access worldwide for…
6 min read
Section 10 of the Income Tax Act
When we talk about saving on taxes, exemptions can make a world of difference. One section…
7 min read
Understanding Good Vs Bad Liabilities
Gain a clear understanding of good vs bad liabilities with our comprehensive guide.
4 min read
How to Do Tax Harvesting for Mutual Fund Returns
Tax harvesting is a strategy used by investors to minimize their tax liabilities by offsetting gains…
5 min read
Taxation for Freelancers and consultants
Unlike salaried individuals, freelancers and consultants often find it more complex to understand taxation requirements and…
8 min read
HDFC Infinia Metal vs. HDFC Regalia Gold Credit Card: Rewards, other benefits compared
HDFC Bank has something for everyone in the world of premium credit cards. If you’re a…
13 min read
Why Lifestyle-Based Financial Planning Matters
Have you ever wondered why some people breeze through life achieving financial goals, while you struggle…
8 min read
ITR-1 vs. ITR-2: Eligibility, key differences, which one should you file for FY 2024-25?
This blog is a comprehensive comparison of ITR-1 and ITR-2 for the Assessment Year 2025–26
5 min read
Direct Vs Regular Mutual Funds: What Shall You Opt?
Deciding between Direct Vs Regular Mutual Funds is one of the first dilemmas that new investors…
4 min read
The Reality of Mumbai Realty
Mumbai, known as “Amchi Mumbai,” is a symbol of India’s strength and ambition. This lively city…
5 min read
Why Should You Only Work with a SEBI Registered Investment Advisor?
When it comes to making financial decisions, selecting the right professional to guide you is crucial.…
3 min read
What Are Top Financial Challenges India’s Face in Today’s World?
Financial security has become a common concern for many in a world where economic uncertainty is…
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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.
