1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
8 min read
Sovereign Gold Bonds and Their Taxability
Have you considered investing in Sovereign Gold Bonds? Like what you're reading? Get our latest, straight…
What Your Net Worth Tells Us About You
Your net worth — i.e. your assets minus your liabilities — is by no means the sole…
How We Factor Your Life Stage into Your Financial Plan
We think of financial planning as a holistic exercise that should be attuned to who you…
5 min read
The Global Peer-to-Peer Lending Scenario: A Transformative Financial Landscape
Peer-to-peer (P2P) lending has evolved from a niche financial service into a global phenomenon, reshaping the…
7 min read
Your Path to Informed Mutual Fund Investment
1 Finance steps in to simplify this intricate landscape. We believe in empowering investors with the…
4 min read
What Your Financial Behaviour Score Means
The thought of planning your finances, or simply making money choices, can be daunting — it…
3 min read
Navigating Tax Implications of P2P Lending in India
Peer-to-Peer (P2P) lending, also known as social lending, is gaining significant traction in India as a…
5 min read
Bitcoin Essentials: Blockchain, Security, and Digital Finance
Uncover how Bitcoin's blockchain reshapes finance and seamlessly integrates with IoT in this essential guide.
5 min read
How to File Income Tax Return for Salaried Employees: A Step-by-step Guide
As if a tedious 9 to 5 taking a toll on you wasn’t enough, now you…
8 min read
Financial Strategies When You Are In Your 30
Are you in your 30s and looking for ways to improve your financial situation? Get practical…
Are Millennials Worse Off than Baby Boomers?
For her 31st birthday, Charu, a high-level marketing executive with a large MNC, decided to treat…
5 min read
Income Tax and Rental Income: A Comprehensive Guide for Property Owners
Discover how income tax applies to rental income in our comprehensive guide for property owners, clarifying…
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.
