1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
7 min read
When the Sky Falls: What to Do Amidst Financial Turbulence
In case you have watched the TVF record-making series ‘Sapne vs Everyone,’ you must remember episode…
3 min read
Unraveling the Art of Selecting the Perfect Credit Card for Your Lifestyle
This guide dives into the world of credit cards, helping you understand how to choose one…
Empowering Finances: Exploring the Dynamics of Peer-to-Peer Lending
For centuries, getting a loan meant begging your bank manager or relying on family and friends.…
5 min read
How to Secure Your Family’s Future with Succession Planning?
Secure your family's legacy and peace of mind through effective succession planning.
The Sweet Relief of Being Financially Literate
I sit sweating uncomfortably in our living room on a humid Goa morning, halfway through a…
9 min read
Decoding Taxation on Capital Gains
Gain insights into the intricacies of capital gains taxation and navigate the complexities of maximizing financial…
5 min read
How to File Income Tax Return Online Using Form 16?
Introduction If you are new to filing your own ITR request, chances are that you have…
3 min read
Unknown Clauses About Life Insurance Policies to Watch
In India, life insurance has long been an emotional decision for families. It remains a push…
4 min read
The Benefits of Financial Well-Being for Businesses and Employees in India: A Comprehensive Guide
Explore the mutual benefits of financial well-being for businesses and employees in India, from increased productivity…
3 min read
The Advent of Central Bank Digital Currency
Exploring CBDCs, Digital Rupee, and global initiatives for Central Bank Digital Currencies.
3 min read
Why We Created a Commission Analyser for Insurance Policies
Among the issues that plague India’s personal finance advisory space, the mis-selling of financial products that…
5 min read
Set-Off and Carry Forward of Losses: A Detailed Analysis
Understanding the set-off and carry-forward rules for losses can significantly reduce your tax burden. The Income…
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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.
