Personal Finance
4 min read
7 Ways to Achieve Financial Freedom
If I had a dime for every bad financial decision I made during my initial years…
4 min read
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
The Benefits of Being a Budget Bride
When I was 27, my salary account had a monthly cycle. Full on the first, inexplicably…
3 min read
What You Need to Create a Safety Net
We’ve often heard the adage that it is prudent to set aside some money ‘for a…
4 min read
Navigating Money Matters in a Relationship
“In our home, all talk begins and ends with money,” Sarita complains to a concerned neighbour…
3 min read
Looking Back: A Personal Finance Report Card for 2022
A market crash, rising inflation, a devastating war, and respite from lockdowns amid an ongoing pandemic.…
4 min read
The Financial Realities of the Soft Life
The daily grind. The hustle culture. The nine to five. Like what you're reading? Get our…
3 min read
The Tricky Ease of Buy Now, Pay Later Schemes
In a time when the accumulation of commodities has become the norm, it’s easy to believe…
4 min read
Why We Believe There Are 3 Generations of Wealth Creators
The journey of cultivating, multiplying and accumulating wealth unfolds over several generations, and while it’s certainly…
3 min read
How 1 View Solves the Problem of Scattered Finances
Our intention with building 1 Finance, from Day One, has been to solve glaring issues with…
3 min read
What’s Age Got to Do with It?
Money choices, and more specifically investment patterns, are determined by several aspects of our life and…
4 min read
It’s Never Too Late
About two years ago, I logged into my bank account and felt a jolt of shock.…
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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.
