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Financial Planning Articles

Financial planning is a scientific process of saving and investing for your life goals. Proper financial planning ensures that you can fulfil your financial obligations in any situation. This section will help you explore the various sides of the personal financial plan and how to go about it.

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Financial Plan Articles

What is an Assessment Year (AY) and Financial Year (FY)?
What is an Assessment Year (AY) and Financial Year (FY)?
October 18, 2022

The terms assessment year and financial year are crucial within.....

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What are Financial Assets?
What are Financial Assets?
October 10, 2022

Everyone equates assets with wealth. Your daily sense of financial security.....

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Internal Rate of Return: Meaning, Formula and Usage
Internal Rate of Return: Meaning, Formula and Usage
October 07, 2022

There are a variety of ways to measure the performance of an investment.....

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Why should you Build an Emergency Fund?
Why should you Build an Emergency Fund?
October 07, 2022

An emergency fund is built for emergencies. It is not a piggy bank....

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Personal Finance - Meaning, Importance, and Tips for Personal Finance
Personal Finance - Meaning, Importance, and Tips for Personal Finance
September 29, 2022

Personal finance is more personal than it is finance. The core principle...

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What is Recurring Deposit (RD)? - Meaning & Features
What is Recurring Deposit (RD)? - Meaning & Features
September 26, 2022

Recurring Deposits, or RDs, are a well-liked and reputable investment strategy...

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Financial Instrument - Meaning, Types and Importance
Financial Instrument - Meaning, Types and Importance
September 26, 2022

A financial instrument is an agreement between two parties with monetary value...

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What is Direct Investment?
What is Direct Investment?
September 08, 2022

Capital investment is the money invested in a company to help reach...

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Difference Between Financial Management & Financial Planning
Difference Between Financial Management & Financial Planning
September 01, 2022

The difference between financial management and financial planning...

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Difference Between Fixed Deposit & Recurring Deposit
Difference Between Fixed Deposit & Recurring Deposit
August 30, 2021

The difference between fixed deposit (FD) and recurring deposit (RD) is usually....

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What is Money Management?
What is Money Management?
August 30, 2021

If you want to move forward from “earning money” to “making money” and becoming wealthy....

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EDLI - Employees Deposit Linked Insurance Scheme
EDLI - Employees Deposit Linked Insurance Scheme
August 30, 2021

EDLI or Employee Deposit Linked Insurance is an added benefit....

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What is Net Present Value? - NPV Meaning & Formula
What is Net Present Value? - NPV Meaning & Formula
August 30, 2021

What is Net Present Value? Money in hand is more valuable than what you will....

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Difference Between Financial Planning & Wealth Management
Difference Between Financial Planning & Wealth Management
August 30, 2021

Financial planning and wealth management are both a part of personal....

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What is Wealth Management?
What is Wealth Management?
August 30, 2021

Wealth provides you with money that can be used to realize....

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What is Investment Strategy?
What is Investment Strategy?
August 30, 2021

Putting all your money into a single financial instrument is too risky....

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What is Investment Management?
What is Investment Management?
August 30, 2021

Investing is a regular activity. You can invest your surplus....

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Income from Salary: Meaning, Calculation, Allowances
Income from Salary: Meaning, Calculation, Allowances
August 30, 2021

Employment provides a regular compensation more commonly called.....

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How to Manage your Money?
How to Manage your Money?
August 23, 2021

Without proper budgets and controls, spending happens .....

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What is Liquidity - Role of Liquidity in Financial Planning?
What is Liquidity - Role of Liquidity in Financial Planning?
August 23, 2021

You must have come across the term “Liquidity” in personal.....

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Short Term VS Long Term Investment
Short Term VS Long Term Investment
August 23, 2021

You would have come across recommendations to invest based.....

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What are Financial Goals - Meaning, Types, and Benefits
What are Financial Goals - Meaning, Types, and Benefits
August 23, 2021

Goals are important in life. They give you the energy and motivation.....

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How to Readjust your Investments after you Get a Salary Hike?
How to Readjust your Investments after you Get a Salary Hike?
August 23, 2021

Getting a salary hike is always welcome and exciting. It is not only,.....

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What are the Best Fixed Income Investment Options?
How you Should Invest in your 20s?
August 02, 2021

Investing in your 20s is just like spending in your teens, exciting,.....

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What are the Best Fixed Income Investment Options?
What are the Best Fixed Income Investment Options?
August 02, 2021

The best fixed-income investments generate a steady income.....

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What is Investment? Investment Meaning, Types, Objectives
What is Investment? Investment Meaning, Types, Objectives
August 02, 2021

Investment means putting your savings in an asset created to help you grow your.....

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Is Buying a Home a Good Investment?
Is Buying a Home a Good Investment?
July 20, 2021

As a human being, it is natural to strive to achieve Roti, Kapda, and Makaan.....

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Financial Planning for Doctors
Financial Planning for Doctors
July 20, 2021

Financial planning for doctors is very similar to the doctors for everyone’s health.....

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How to Create a Corpus of Rs 1 Crore Within 10 Years?
How to Create a Corpus of Rs 1 Crore Within 10 Years?
July 11, 2021

Asset allocation is the driving force behind return on any investment......

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How to Invest Money - Learn the Best Ways to Invest Money
How to Invest Money - Learn the Best Ways to Invest Money
July 07, 2021

You may feel like your wealth is not improving as much as it should.......

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How to Save Money?
How to Save Money?
July 07, 2021

You may have a dream to buy your first house or your vacation home.......

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Best Investment Plans for 5 Years
Best Investment Plans for 5 Years
June 06, 2022

Investment plans for 5 years are a mainstay of your investment plan...

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Where should you Invest in 2022?
Where should you Invest in 2022?
March 08, 2022

The new year brings new hopes and new zeal. It allows you to make.....

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How do Investment Plans Help at Important Stages of Life?
How do Investment Plans Help at Important Stages of Life?
February 28, 2022

You may have heard a saying that the right thing will come at the right time.....

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What is ROI? How to Calculate Return on Investments?
What is ROI? How to Calculate Return on Investments?
February 14, 2022

You try to save the money you earn so that you can fulfil the present.....

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Investment Ideas for Women in India
Investment Ideas for Women in India
February 14, 2022

The world is changing for the good. Gender disparities in the work front.....

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3 Reasons New Parents must have a Financial Plan
3 Reasons New Parents must have a Financial Plan
December 17, 2021

Being blessed with a child is one of the greatest feelings you can receive as a parent......

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9 Financial Lessons to Learn from COVID-19
9 Financial Lessons to Learn from COVID-19
December 17, 2021

COVID-19 has hit the professional life of many people and has.....

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10 Types of Investment Options to Consider for Financial Planning
10 Types of Investment Options to Consider for Financial Planning
October 06, 2021

Before you invest your money and build an investment portfolio,....

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7 Simple Habits That Can Make You Financially Independent
7 Simple Habits That Can Make You Financially Independent
October 06, 2021

“I want to become rich,” is a statement most of us have uttered at least once in our....

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How to do Financial Planning in your 50s?
How to do Financial Planning in your 50s?
October 06, 2021

Once you cross the 50s, your retirement is no longer a far summit....

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5 Best Money Habits for Creating Long-term Wealth
5 Best Money Habits for Creating Long-term Wealth
September 30, 2021

We generally like to avoid any risks with our reserve funds.....

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How to spend Annual Bonus Wisely?
How to Spend Annual Bonus Wisely?
June 15, 2021

Along with the happiness of getting the annual bonus, which we....

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How to invest in sip
How to Invest in SIP?
September 23, 2021

A systematic approach has always been a powerful tool for achieving goals....

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How to Calculate SIP Returns
How to Calculate SIP Returns?
September 23, 2021

SIP investments are made on a set date and at regular intervals. When you....

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Is SIP Tax-free
Is SIP Tax-Free?
August 18, 2021

A Systematic Investment Plan (SIP), commonly referred to as SIP....

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6 Type of Bonds to Invest in India
Types of Bonds in India
September 07, 2021

Bonds are debt instruments wherein an investor buys a bond from the state....

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All you Need to Understand about ETF Investment
Things to Know about ETF Investment
June 24, 2021

Ever since their launch in the year 1993 in the USA, ETFs....

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Difference Between Mutual Funds And Fixed Deposits
Difference between Mutual Fund and FD | Fixed Deposit vs Mutual Fund
June 24, 2021

Mutual Fund and Fixed Deposits are both viable options for investment....

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Benefits of including fd in investment plan
Benefits of Including FD in Investment Plan
June 24, 2021

India has eternally been recognized as the land of savers. It is that....

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Is Investing in Gold a Smart Choice
Is Investing in Gold a Smart Choice?
September 07, 2021

Gold is regarded by a majority of the Indian populace as one of....

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What is Reserve Fund & how does it works
What is Reserve Fund & How does it Works?
June 24, 2021

Reserve funds are a savings bank account or other liquid assets that....

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Is A Systematic Investment Plan A Good Idea
Is A Systematic Investment Plan A Good Idea
September 30, 2021

SIP (Systematic Investment Plan) is a plan to invest in your preferred .....

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10 Reasons you Must do Financial Planning During this Pandemic
10 Reasons you Must do Financial Planning During this Pandemic
September 30, 2021

This pandemic has taught us one important thing - maintaining .....

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5 Financial Planning Tips for Salaried Employees
5 Financial Planning Tips for Salaried Employees
September 30, 2021

Most of us have a planned or organized approach towards.....

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Role of Women in shaping the Home Finance
Role of Women in Shaping the Home Finance
September 30, 2021

Women are becoming prominent faces of large and multinational .....

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Get freedom from all your Financial Worries on this Independence Day
Get Freedom from all your Financial Worries on this Independence Day
August 10, 2021

As August 15th approaches, how about having your very own Independence Day...

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Is systematic investment plan a good idea
Is Systematic Investment Plan a Good Idea?
September 30, 2021

SIP (Systematic Investment Plan) is a plan to invest in your preferred mutual...

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Can SIP investment help you save your taxes?
Can SIP Investment help you Save your Taxes?
September 06, 2021

When the tax planning season is around the corner, many investors look for investment plans...

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Where Can I Save Money For The Future
Where can I Save Money for the Future?
September 03, 2021

Every individual wishes to improve their wealth to take good care of them and their...

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What are the main purposes of financial planning and control
What are the Main Purposes of Financial Planning and Control?
September 09, 2021

Managing funds in the present times has become the most challenging task Since the markets....

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Things To Look At The Start Of Financial Planning Year
Things to Look at the Start of Financial Planning Year
October 06, 2021

With the commencement of the new financial year, we review our investments and assess where....

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Why financial planning is important?
Why Financial Planning is Important?
September 30, 2021

Several individuals have the same question running through their heads do they need....

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What are the six steps in developing a financial plan
What are the Six Steps in Developing a Financial Plan?
September 09, 2021

No one can plan for your finances in a way that you can do. This is why every person....

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What is financial planning
What is Financial Planning?
June 24, 2021

Financial planning is the process of establishing a foundation for financial policies....

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What are the components of a financial plan
What are the Components of a Financial Plan?
September 03, 2021

A financial plan is a report of your current income, long-term and short-term goals, and the....

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What Are The Benefits Of Financial Planning?
What are the Benefits of Financial Planning?
September 23, 2021

Financial planning is one of the most crucial steps for any person - regardless of whether....

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hat should be your financial goals in your 30s
What should be your Financial Goals in your 30s?
September 30, 2021

Becoming financially wise at a young age can significantly improve the quality of your later years.....

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Financial mistakes parents make
Financial Mistakes Parents Make
September 07, 2021

Indian parents are considerably protective when it comes to their children However, this protectiveness can.....

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Financial mistakes parents make
Everything you Need to Know about Financial Planning Calculator
September 07, 2021

Every individual across the globe has some or other financial goals. Be it owning a car or..

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Financial Planning how should self employed and freelancer should plan their finance
Financial Planning: How should Self-employed and Freelancer should Plan their Finance?
October 06, 2021

Financial planning is crucial for sustaining the current economy and it applies to every individual....

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Financial Planning how should self employed and freelancer should plan their finance
How to do Financial Planning in your 50s?
October 06, 2021

Once you cross the 50s, your retirement is no longer a far summit. The 50s can be a perfect time to organize....

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Financial Planning how should self employed and freelancer should plan their finance
7 Simple Habits that can Make you Financially Independent
October 06, 2021

“I want to become rich,” is a statement most of us have uttered at least once in our lives. This goal....

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How Should Self-Employed and Freelancers Plan Their Finance?
How Should Self-Employed and Freelancers Plan Their Finance?
October 06, 2021

Financial planning is crucial for sustaining the current economy....

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6 Things to Consider for Building a Strong Financial Plan
6 Things to Consider for Building a Strong Financial Plan
October 06, 2021

With the commencement of the new financial year, we review our....

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How to do Financial Planning in your 40s
How to do Financial Planning in your 40s?
October 04, 2021

As you balance work, children, school events, bond obligations, house maintenance, and potentially caring for....

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What Should Be Your Financial Goals In Your 30s
What Should Be Your Financial Goals In Your 30s
September 30, 2021

Becoming financially wise at a young age can significantly improve ...

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Why is Financial Planning Important
Why is Financial Planning Important
September 30, 2021

Several individuals have the same question running through their...

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10 Tips for Beginners to Invest and Save Money Wisely
10 Tips for Beginners to Invest and Save their Money Wisely
September 06, 2021

A financial plan is an ideal way to plan a secure future for you and your family. India is one of the few...

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10 Types of Investment Options to Consider for Financial Planning
10 Basic Reasons Why People of all Age Groups must do Financial Planning during this Pandemic
September 30, 2021

This pandemic has taught us one important thing - maintaining our finances and planning for the future is not...

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10 Types of Investment Options to Consider for Financial Planning
What are the Different Types of Investment and Which one should you Opt for?
October 06, 2021

Before you invest your money and build an investment portfolio, it's important to understand all of your...

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7 Questions to Ask before Opening a PPF Account
7 Questions to Ask before Opening a PPF Account
October 06, 2021

The PPF Act of 1968 introduced a government-run saving scheme known as the Public Provident Fund (PPF)...

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5 Smart tips to maintain your monthly budget
5 Smart Tips to Maintain your Monthly Budget
September 03, 2021

As your life progresses, you will find new responsibilities, new expenses, and financial matters falling on your...

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Starting on your First Job? Begin Saving and Investing Early
Starting on your First Job? Begin Saving and Investing Early
August 23, 2021

Stepping out of university to start a career in the corporate world is a refreshing feeling....

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Financial Planning with Life Insurance
Financial Planning with Life Insurance
June 14, 2021

Strategy without tactics is the slowest route to victory; Tactics without strategy is the noise before defeat....

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Financial Planning with Life Insurance
5 Financial Planning Rules for First-time Earners
June 14, 2021

"Strategy without tactics is the slowest route to victory; Tactics without strategy is the noise before defeat"....

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5 Essentials for Financial Planning<
5 Essentials for Financial Planning
May 28, 2021

Finances are essential to meet monetary expenses at present and in the future. It is also necessary for the...

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10 Reasons you Need a Financial Plan
10 Reasons you Need a Financial Plan
April 22, 2021

When in their 20s, people seldom worry about their finances. It is when the responsibilities grow personal finance ...

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Difference between Portfolio Management and Financial Planning
Difference between Portfolio Management and Financial Planning
April 22, 2021

Money may not buy happiness, but it sure can buy financial security and being financially secure is one step....

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10 Steps to Ensure your Online Financial Data Remains Safe
10 Steps to Ensure your Online Financial Data Remains Safe
April 30, 2021

Internet banking has transformed the way we manage funds and transact with financial institutions. Transacting....

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6 Easy budgeting steps for long-term financial strength
6 Easy Budgeting Steps for Long-term Financial Strength
September 03, 2021

The word ‘budget’ can be scary. It might feel restricting, or the process might seem really complex. When in...

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Understand Your Risk Profile For Investments
Understand your Risk Profile for Investments
December 07, 2021

"Know your enemy and yourself and you can win all the time."...

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