Secure Your Family's Future: Create a "Money File" Now for Financial Peace

• A "money file" centralizes crucial financial information, preventing chaos and expense during emergencies or the primary manager's absence.
• Start with a calm conversation with your spouse and older children, ensuring they know the file exists and its purpose for household financial management.
• Include a one-page "map" detailing bank accounts, investments, liabilities, and key contacts, focusing on easy access rather than exhaustive detail.
• Document essential banking, investment, and bill payment details, along with insurance policies (numbers, claim routes) and loan information (lender, outstanding, EMI).
• Add nomination details, legal document locations (wills, property papers), and honestly note any gaps; regularly update the file and store it accessibly.

Why It Matters: A "money file" is vital for family financial security, providing a clear starting point during crises.