1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
3 min read
Optimise Your Investments with the Mutual Fund Portfolio Overlap Tool
Investing in mutual funds is a popular strategy for diversifying one’s portfolio and achieving financial goals.…
4 min read
Surrendering Life Insurance Policy in India: What You Need to Know
Have you ever found yourself in a financial bind, staring at your life insurance policy and…
7 min read
How to Invest in Mutual Funds
“Mutual funds were created to make investing easy, so consumers wouldn’t have to be burdened with…
6 min read
How to Save Tax on Capital Gains from sale of Residential house property?
Learn how to minimize your tax liability and maximize profits when selling a residential house property…
4 min read
How to Get Rid of Credit Card Debt
Credit card debt in India has been on the rise, leading to significant concerns. As of…
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…
8 min read
Active vs Passive Mutual fund: Which is best for you?
Undecided on active vs. passive mutual funds? Get clarity on your investment goals and risk tolerance…
7 min read
How to Calculate Credit Card Interest
Credit cards can be incredibly convenient for making purchases and managing expenses, but they come with…
3 min read
How to Build a Mutual Fund Portfolio
The journey of generating wealth begins with a simple sound financial decision that is picking out…
5 min read
How to Calculate Income from Let-Out House Property?
If you own any residential or commercial property and rent it out, you’re required to declare…
4 min read
Understanding Claim Ratios in Health Insurance
Gain Insights into Health Insurance: Assess the Claim Settlement Ratio (CSR) for efficient claim settlement and…
5 min read
Exploring the 4% Safe Withdrawal Rule for Retirement Planning in India
Retirement planning is an essential aspect of personal finance, ensuring that you have enough savings to…
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.
