1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
- All
- New
- Mutual Fund
- Investing
- Loan Planning
- Retirement Planning
- Insurance
- Crypto
- Tax Planning
- Credit cards blogs
- Personal Finance
- Estate Planning
- Learn
- Behavioural Finance
- Temperament
- Peer to Peer lending (P2P)
- Scoring and Ranking
- Ask a QFA
- 1 Finance Core
- Personal Essays
- 1 Finance Editorials
- Real estate
- NPS
- ITR Filing
5 min read
New TDS Changes Effective from October 1, 2024: What You Need to Know
As part of the Union Budget 2024, significant amendments to the Tax Deducted at Source (TDS)…
6 min read
5 Best Entry-Level Travel Credit Cards for 2025 (₹0 – ₹1,000 Annual Fee)
In recent years, the number of credit cards in India has grown significantly. According to an…
7 min read
Financial Strategies for People in Their 40s: How to Make the Most of Your Money?
If you're in your 40s and looking to improve your financial situation, this article is for…
5 min read
Planning for Financial future: Where to start?
Welcome to the exciting world of financial planning! Are you ready to take charge of your…
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…
7 min read
New ITR filing due date: When is the last date to file ITR, belated ITR, revised ITR for FY 2024-25 (AY 2025-26)?
Taxpayers across India are gearing up to file their income tax returns (ITRs) for the financial…
4 min read
Crypto Wallets: Safeguarding Digital Assets in the Indian Financial Landscape
Crypto wallets are essential tools for secure digital asset management in India's evolving cryptocurrency ecosystem.
3 min read
A Step-by-Step Guide to Transfer Your EPF Online
Transferring your Employees’ Provident Fund (EPF) account when you change jobs is essential to ensure the…
5 min read
What is a REIT in India and How Can You Invest in REIT?
Imagine owning a piece of premium commercial real estate in Mumbai, Bangalore, or Delhi—without shelling out…
3 min read
Evaluating the Drawbacks of Credit Cards: Are They Truly Beneficial?
This post delves into potential drawbacks of credit card usage, providing examples to aid informed financial…
4 min read
Understanding the Mechanics of Decentralized Exchanges
Explore our in-depth analysis on the rise of Decentralized Exchanges in India, their potential to revolutionize…
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…
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.
