1 Finance Blog
Discover financial wisdom on our blog for expert insights on personal finance, investing, and money management.
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Why are International ETFs Trading at a Premium? Understand the Concept of iNAV
There are investors out there who are strong believers in passive investing....
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REITs vs. InvITs: Where Should You Invest in 2025?
In recent years, the Indian investment landscape has broadened well beyond traditional...
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What Is P2P Lending in India? How Peer-to-Peer Lending Works, Benefits, Risks, and Much More
When you need a loan, the first thing that usually comes to...
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Safe Deposit Locker in Thane: Get a Locker Without an FD or Investment
When you approach a bank to obtain a locker, many banks require...
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Top 3 Premium Credit Cards in India (2025): Best for Travel, Luxury & Rewards
Are you a frequent traveler, luxury shopper, or someone who enjoys the...
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Safe Deposit Locker by 1 Finance: Unmatched Security, Access Available 7 Days a Week, No Investment Required
Important belongings such as legal documents, family jewelry, or personal keepsakes deserve...
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HDFC Infinia Credit Card vs. ICICI Emerald Credit Card: Find Out Which Works for You
HDFC Infinia has got a new competitor — the ICICI Emeralde Private...
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REITs & InvIts: SEBI Proposes Higher Mutual Fund Investment Limits in REITs & InvITs, What It Means for You
The Securities and Exchange Board of India (SEBI) has proposed a major...
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Top 5 Elite Credit Cards in India for International Travel in 2025
For high-income individuals who frequently fly, stay at luxury hotels, or shop...
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How Much Return Can You Expect from IPOs? An Average IPO Massively Underperforms Nifty 50 Returns, Shows Research
How have the IPOs historically performed for investors who bought at the...
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What Is An Emergency Fund? How Much Should Your Emergency Fund Be?
Most people in India are not financially prepared to tackle emergencies if...
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5 Best Mid-Range Travel Credit Cards with Rewards and Airport Lounge Access for 2025
Travel whether for work, weekend breaks, or visiting family, has become 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.
