1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
4 min read
How to Get Rid of Credit Card Debt
Credit card debt in India has been on the rise, leading to significant concerns. As of…
6 min read
6 Factors to consider before Choosing Term Insurance
Insurance Planning is one of the critical components in the financial plan. Any unforeseen event may…
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…
7 min read
How to Calculate Credit Card Interest
Credit cards can be incredibly convenient for making purchases and managing expenses, but they come with…
6 min read
A Beginner’s Guide to Evaluating Mutual Funds
Are you new to investing in mutual funds? This beginner's guide will teach you how to…
3 min read
Documents Required for Surrendering a Life Insurance Policy
Surrendering a life insurance policy with the Life Insurance Corporation (LIC) of India involves a structured…
7 min read
Why Typical Goal-Based Financial Planning Is Not Sufficient For Your Retirement
Imagine that it is the start of a slow, stress-free weekend where you’re sipping your morning…
4 min read
Equity Markets Vs. Alternative Investments: Unraveling the Mysteries of Superior Returns in India
This blog will explore and contrast investing in India's equity markets and alternative investments, with a…
4 min read
How to diversify your portfolio in today’s highly volatile market?
Diversification is the practice of spreading your investments around so that your exposure to any one…
3 min read
How do Credit Cards Work
In today’s fast-paced, digital world, credit cards have become an indispensable financial tool for millions of…
4 min read
Travel Insurance Essentials: Your Passport to Worry-Free Journeys
Discover Types, Pre-Purchase considerations, and a Hassle-Free Claims Process.
4 min read
Unleash the Power of Your Credit Card Benefits
This guide encapsulates strategic credit card use for maximum benefits, focusing on understanding rewards, smart spending,…
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.
