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Free financial planning tools in the market by Artha yantra





Article Author Biography
Free financial planning tools in the market by
Article Posted: 05/22/2013
Article Views: 209
Articles Written: 2
Word Count: 280
Article Votes: 0
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Free financial planning tools in the market


 
Finance & Investment,Tax
There are many tools available in the industry which claims to be financial planning tools. If we take a closer look, it becomes apparent that these tools cater to only a particular aspect of personal finance. None of the tools encompass the entire spectrum of personal finance, but cater to just a segment of it. The customer needs to be very careful while choosing a free financial planning tool based on his needs. If he is looking for a calculator for any particular aspect of personal finance, he needs to identify which one he would be using. This can be confusing as all the tools available in the market claim to be complete financial planning tools. However, reality is entirely different. A comprehensive free financial planning tool needs to cover the entire gamut of personal finance. For example, an expense tracking tool, an investment management tool, or an insurance comparator tool cannot be called a Financial Planning tool, as they only take care of one particular aspect of financial planning. Financial planning tool should ideally cover the entire personal finance spectrum like, expense tracking, income, assets & liabilities, risk, insurance, etc. The holistic nature of planning finances makes financial planning unique. Holistic nature of Financial Planning makes financial planning tool unique. The Financial planning buzzword is new to India. It is only recently after regulatory instructions to Banks that they need to have an independent Financial Planning/Advisory department not related to the Product Sales department that there has been a flurry of activity in the Industry to be compliant. Financial planning in India till now is only available to the high net-worth Individuals. Quality financial advice.

Related Articles - personal financial planner, financial planner advice, personal financial decisions, free financial planning, personal finance management online,

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