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5 min read
Understanding Pet Insurance: Key Insights for Every Pet Owner
Throughout history, humans have shared a deep bond with animals, welcoming them into their homes and…
3 min read
Why Financial Planning Is More Important Than Ever in 2025
The financial world in 2025 is more dynamic and unpredictable than ever. Rapid technological advancements, shifting…
4 min read
Understanding Blockchain: The Technology Revolutionizing Industries
Blockchain: the transformative technology powering decentralized networks with secure and transparent transactions.
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…
6 min read
REITs vs. InvITs: Where Should You Invest in 2025?
In recent years, the Indian investment landscape has broadened well beyond traditional choices like stocks, bonds,…
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…
5 min read
Form 15G & Form 15H: Overview, Usage, Parts, and Eligibility
If you have completed your tax filing for 2023-24 and are now looking to maximise your…
3 min read
Mutual Fund Taxation in India (FY 2024-25): What Investors Need to Know
Mutual funds continue to be one of the most popular investment options for individuals and institutions…
8 min read
Active vs Passive Mutual fund: Which is best for you?
Undecided on active vs. passive mutual funds? Get clarity on your investment goals and risk tolerance…
4 min read
Capital Gains from Equity and Mutual Funds: Special Considerations Under Section 111A & 112A
Income tax laws have distinct rules for the taxation of equity shares and mutual funds. To…
3 min read
Should You Opt For Arbitrage Funds For Your Emergency Corpus?
Arbitrage Funds vs. Liquid Funds: The Best Option for Emergency Funds? The tax efficiency of arbitrage…
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…
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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.
