1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
The Back of Your Bank Notes
When you think of an Indian currency note, what image comes to mind? Possibly a portrait…
5 min read
Who is a SEBI Registered Investment Advisor?
Imagine you’re feeling unwell—you’d go to a doctor, right? Or if your car breaks down, you’d…
4 min read
The Impact of Blockchain Technology on India’s Financial Sector
Explore the transformative potential of blockchain technology in India's financial sector, with insights on its role…
5 min read
5 Key Steps to Plan a Financially Secure Life
In a world of constant change and uncertainty, achieving financial security is a common aspiration for…
10 min read
Demystifying ESOP Taxation in India: A Comprehensive Guide
Dive into our comprehensive guide to unravel the intricacies of ESOP taxation in India and make…
5 min read
Set off and carry forward of losses in Income Tax
Navigate the complexities of income tax by mastering the set off and carry forward of losses…
5 min read
Financial Well-Being vs. Financial Wellness: What’s the Difference?
Financial Well-Being focuses on long-term financial stability, while Financial Wellness emphasizes immediate financial health and day-to-day…
5 min read
Understanding TDS on Purchase of Property
Tax Deducted at Source, more popularly known as TDS, is often a tedious process for the…
8 min read
How to Apply For a Credit Card for the First Time
Just a decade ago, credit cards were a luxury, with stringent eligibility criteria making them accessible…
4 min read
How to Make a will in India?
When it comes to securing your family’s future and ensuring your wishes are respected, making a…
8 min read
Top Mutual Fund Mistakes to Avoid
Discover the top mutual fund mistakes you should steer clear of to safeguard your financial future…
3 min read
The Benefits of Health Insurance: Why It’s Essential for Financial Security in India
Health insurance in India is a vital investment, providing financial security and access to quality healthcare…
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.
