Shreya Jaiswal on Why Financial Transparency Should Never Be Optional

Have you ever asked yourself—does my family know about my savings, investments, or liabilities? Shreya Jaiswal, a Chartered Accountant and digital creator, urges us to understand that financial transparency is not a luxury or formality—it's essential. Whether you're managing a modest income or a diversified portfolio, your loved ones must be informed.

Financial Literacy Begins at Home

Managing mutual funds and stock portfolios is important, but what's more crucial is making sure your family knows about them. Financial literacy shouldn't stop at individual planning. If something unexpected happens and your family is unaware of your assets or debts, it could lead to avoidable stress and financial setbacks.

Why Hiding Financial Details Can Hurt

Many people shy away from discussing money matters with their families. But in the event of illness, sudden job loss, or death, this silence can be devastating. Loved ones may struggle to locate insurance policies, bank accounts, or even repay hidden loans. Keeping them in the loop ensures they are prepared, not panicked.

Make Transparency a Habit, Not a Backup Plan

Shreya recommends creating a simple document that lists your major investments, insurance policies, EMIs, and loans—and updating it regularly. Share this with a trusted family member. It doesn't mean giving up privacy—it means protecting your family's future.

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Transparency isn't just good practice—it's a form of financial empowerment for your family. As Shreya wisely says, "It shouldn't be optional—it should be essential."