1 Finance Blog

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

Taxation for Freelancers and consultants

Tax Planning

5 min read

Taxation for Freelancers and consultants

Unlike salaried individuals, freelancers and consultants often find it more complex to understand taxation requirements and…

How to Get a Credit Card for the First Time

Credit cards blogs

8 min read

How to Get a Credit Card for the First Time

Just a decade ago, credit cards were a luxury, with stringent eligibility criteria making them accessible…

Income Tax Slabs, Rates for FY2025-26, FY2024-25 Under the New Tax Regime and Old Tax Regime; Check How Much Tax You Have to Pay

ITR Filing

10 min read

Income Tax Slabs, Rates for FY2025-26, FY2024-25 Under the New Tax Regime and Old Tax Regime; Check How Much Tax You Have to Pay

Do you know which tax bracket you fall into for FY2024-25 or FY2025-26? You might feel…

Income Tax on Income Earned Online in India

Tax Planning

6 min read

Income Tax on Income Earned Online in India

Unlock the secrets of navigating income tax on your online earnings in India with our comprehensive…

Are Your Mutual Funds Portfolios Overlapping? Here’s How to Tell

Mutual Fund

6 min read

Are Your Mutual Funds Portfolios Overlapping? Here’s How to Tell

Building a well-diversified mutual fund portfolio is key to reducing risk and maximising returns. But many…

Section 10 of the Income Tax Act

Tax Planning

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…

Understanding the dynamics of Individual Vs Family Floater Health Insurance

Insurance

7 min read

Understanding the dynamics of Individual Vs Family Floater Health Insurance

Meet the Kumar family: Mr. Kumar, aged 45 years, Mrs. Kumar, a youthful 42 years, and…

How to Do Tax Harvesting for Mutual Fund Returns

Mutual Fund

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…

Understanding Good Vs Bad Liabilities

Loan Planning

8 min read

Understanding Good Vs Bad Liabilities

Gain a clear understanding of good vs bad liabilities with our comprehensive guide.

Why Should You Only Work with a SEBI Registered Investment Advisor?

Personal Finance

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.…

Budget 2025: New income tax slabs, other key Budget announcements that will impact your personal finance

Tax Planning

5 min read

Budget 2025: New income tax slabs, other key Budget announcements that will impact your personal finance

In her Budget 2025 address, Finance Minister Nirmala Sitharaman declared her tax proposal’s objective to be,…

Why Lifestyle-Based Financial Planning Matters

Behavioural Finance

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…

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Discover your MoneySign®

Identify the personality traits and behavioural patterns that shape your financial choices.

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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