1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
Making Sense of Money on the Therapist’s Couch
Ask him to help. You need the money. You don’t ask. Instead: panic, anxiety, irritable bowel…
3 min read
The Evolution of Peer-to-Peer Lending: A Global Journey
In the landscape of finance, Peer-to-Peer (P2P) lending has emerged as a transformative force, revolutionizing the…
4 min read
Why Term Insurance is a Pure Risk Protection Plan
In the bustling city of Mumbai, amidst the chaos of daily life, Rohan, a young professional,…
6 min read
The Evolving Regulatory Framework for Cryptocurrency
Explore the dynamic shifts in cryptocurrency regulations. Stay informed and adapt to the changing contours of…
It Gets Worse Before It Gets Better
It was a grim evening. I was reading and re-reading a piece of text that I…
4 min read
Navigating Surrender Value in Life Insurance
When navigating the complex terrain of life insurance, understanding the concept of surrender value is essential.…
18 min read
What is Retirement Planning?
Life has many phases: birth, childhood, youth, middle age, and finally, retirement. Here, we focus on…
How Digital Transactions Are Changing the Way We Spend
Before getting off a rickshaw, or upon approaching a store counter, or while paying for dinner,…
4 min read
How to Choose the Correct ITR Form: A Guide to Choosing the Right Income Tax Return Form
As the tax season approaches, one of the most crucial decisions taxpayers face is selecting the…
8 min read
How to Compare Credit Cards
Credit cards—often viewed as a great tool of convenience by some due to their ease of…
What Happens When a Parent Dies While You’re Young?
Many years ago, I came home from college one afternoon to find that my father had…
6 min read
How to File Income Tax Returns for Previous Years?
Introduction Did you miss filing your ITR last year or the year before? If the answer…
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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.
