1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
6 min read
Deduction and Exemptions from Income Tax
Tax planning is essential for effectively managing your finances. Income tax laws offer several deductions and…
Back to Basics with a Money Jar
For a freelance travel writer, there’s never enough travel. Assignments and hosted trips are all well…
4 min read
How Much Loan is Too Much Loan?
Desire is a very fundamental to human nature and satisfying these desires comes at a cost.…
3 min read
How To Do Mutual Funds Redemption : A Comprehensive Guide
Mutual funds serve as a cornerstone of many investors’ portfolios, offering a diversified approach to wealth…
18 min read
What is Retirement Planning?
Life has many phases: birth, childhood, youth, middle age, and finally, retirement. Here, we focus on…
4 min read
Avoid These 8 Common Mistakes While Drafting Your Will: A Comprehensive Guide
Explore common pitfalls in will drafting and discover insightful tips to create a robust will for…
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…
3 min read
Beyond Traditional Pensions: Exploring Modern Retirement Planning Alternatives
This blog explores modern alternatives to traditional pensions for retirement planning in India, emphasizing diversification and…
If I’m Doing Well, Do I Still Need to Grow My Wealth?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
3 min read
The Tussle Between Traditional and Behavioural Finance: A Historical Perspective
Explore the riveting clash of ideologies as traditional finance meets the innovative insights of behavioral finance…
5 min read
Demystifying Life Insurance in India: Exploring Different Policy Options
Secure your family's future with our essential guide to understanding life insurance policies in India, aiding…
How Can I Financially Prepare for a Divorce?
Dear Qualified Financial Advisor, Like what you're reading? Get our latest, straight to your inbox. Subscribe…
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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.
