4 min
18-April-2025
Whether it is planning your child’s education, building your dream home, or preparing for retirement, financial planning helps you get there—stress-free. It is not just about saving money, it is about knowing where your money should go and why.
Let us walk through the types of financial planning, one by one, and show you how to start right—no finance degree needed.
Think of it as a roadmap—it tells you what steps to take today so that your tomorrow is sorted. Whether you are 25 or 55, starting your financial plan today can make all the difference.
Start simple! Fixed Deposits are a great entry point. You get guaranteed returns (up to 8.60% p.a. with Bajaj Finance), with zero market risk. Open Your FD Account.
This is your budgeting backbone—keeping you from overspending and helping you save consistently.
From Fixed Deposits and mutual funds to stocks and gold, you’ve got choices. Start with something predictable and safe—like a Bajaj Finance FD—then diversify as your confidence grows.
Example: Invest Rs. 25,000 in a Bajaj Finance FD for 42 months at 8.60% p.a., and you could get Rs. 33,369 at maturity. Try it now with our FD Calculator.
Options include mutual funds, Sukanya Samriddhi Yojana, and child insurance plans.
Tip: Use a combination of FDs for guaranteed returns and SIPs for potential growth.
Check out FD rates offered by Bajaj Finance. Start investing in AAA rated FDs today!
By investing in NPS, PPF, or a long-term FD, you build a retirement corpus that pays when your pay checks stop.
Don’t forget to factor in healthcare costs and inflation.
Use Sections 80C, 80D, and more to claim deductions by investing in instruments like ELSS, life insurance, etc.
It covers health, life, and property risks, so a crisis doesn’t become a financial burden.
Choose coverage based on your income, dependents, and existing assets.
A will or trust ensures your money, property, and other assets go where you want them to—not the courts.
This becomes especially important if you have children, dependents, or multiple properties.
Here’s a simple one:
Let your money work for you, not the other way around. Begin with small steps—and stay consistent.
Let us walk through the types of financial planning, one by one, and show you how to start right—no finance degree needed.
What is financial planning, really?
Financial planning is the process of managing your income, expenses, savings, and investments to meet life goals. It helps you understand where your money comes from, where it goes, and how to make it grow.Think of it as a roadmap—it tells you what steps to take today so that your tomorrow is sorted. Whether you are 25 or 55, starting your financial plan today can make all the difference.
Start simple! Fixed Deposits are a great entry point. You get guaranteed returns (up to 8.60% p.a. with Bajaj Finance), with zero market risk. Open Your FD Account.
Why financial planning matters
Life does not come with a manual, but a financial plan is the next best thing.- Helps you build emergency funds
- Keeps monthly spending under control
- Makes investments goal-focused
- Reduces debt stress
- Builds long-term wealth
Types of financial planning (and how they help)
Each type serves a different purpose, but together, they create a safety net for every stage of life.1. Cash Flow Planning
Track what comes in and what goes out. That’s it.This is your budgeting backbone—keeping you from overspending and helping you save consistently.
2. Investment Planning
Once you know how much you can save, you need to decide where to invest.From Fixed Deposits and mutual funds to stocks and gold, you’ve got choices. Start with something predictable and safe—like a Bajaj Finance FD—then diversify as your confidence grows.
Example: Invest Rs. 25,000 in a Bajaj Finance FD for 42 months at 8.60% p.a., and you could get Rs. 33,369 at maturity. Try it now with our FD Calculator.
3. Children’s Future Planning
Education costs rise every year. So, the earlier you plan, the better.Options include mutual funds, Sukanya Samriddhi Yojana, and child insurance plans.
Tip: Use a combination of FDs for guaranteed returns and SIPs for potential growth.
Check out FD rates offered by Bajaj Finance. Start investing in AAA rated FDs today!
4. Retirement Planning
Retirement isn’t an age—it’s a goal. One you need to fund.By investing in NPS, PPF, or a long-term FD, you build a retirement corpus that pays when your pay checks stop.
Don’t forget to factor in healthcare costs and inflation.
5. Tax Planning
Save money and reduce taxes? Yes, please.Use Sections 80C, 80D, and more to claim deductions by investing in instruments like ELSS, life insurance, etc.
6. Insurance Planning
No one likes to plan for bad days—but insurance does it for you.It covers health, life, and property risks, so a crisis doesn’t become a financial burden.
Choose coverage based on your income, dependents, and existing assets.
7. Estate Planning
Who gets what after you’re gone?A will or trust ensures your money, property, and other assets go where you want them to—not the courts.
This becomes especially important if you have children, dependents, or multiple properties.
How do I get started?
You don’t need a perfect plan. You just need a first step.Here’s a simple one:
- Start a Fixed Deposit with just Rs. 15,000 and choose your tenure.
- Explore other investment options like mutual funds or stocks.
- Check your monthly expenses and set a budget
Conclusion
Financial planning isn’t just for the rich or the finance-savvy—it’s for anyone who wants to live smarter and safer. Whether you’re aiming for financial freedom, planning for kids, or preparing for retirement, the key is starting early.Let your money work for you, not the other way around. Begin with small steps—and stay consistent.
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