Three Friends and the Missing Piece - Financial Literacy

 


Tea, Talk, and the Truth About Money

It was a lazy Friday afternoon - a bonus bank holiday towards the end of the week, when three college friends - Priya, Jayashree, and Krishna - met after nearly a year at Priya’s cozy apartment for chai and snacks. The laughter was warm, the samosas crisp, and the mood nostalgic.

As they settled into their second round of tea, the conversation turned serious.

Jayashree, an architect with a thriving practice, sighed, “I’m great with designing spaces, but when it comes to money - I’m just guessing my way through. I’m earning well, but I’m not sure where it’s all going.”

Krishna, a senior software engineer at a reputed firm, nodded in agreement. “Same here. I automate systems worth crores, but when it comes to managing my salary or planning for retirement, I just leave everything in my savings account. I know I should be doing more... just don’t know where to begin.”

Priya smiled knowingly. As a personal finance professional (PFP), she had seen this pattern in so many families - high earners but low planners.

“You both are not alone,” Priya said gently. “Most of us were never taught how to manage money. Financial literacy is not just about investing in mutual funds or buying insurance. It's about being aware of how to make your money work for you.”

Jayashree raised her eyebrow, “So what should we start with?”

“First, budgeting,” Priya began. “Knowing where your money is going gives you control. It's not about restrictions - it's about awareness. Once you track your spending, you'll be surprised how much can be saved or redirected.”

Krishna chimed in, “Okay, budgeting sounds doable. But what about saving and investing?”

“Exactly the next step,” Priya replied. “Start with building an emergency fund, and then move to investing early. The power of compounding is magical. Even small SIPs done consistently over time can grow into something substantial. You can’t afford to wait until you ‘have more money’ - time is more valuable than money when investing.”

“And loans?” Jayashree asked, “I’m still paying off my home loan.”

“That brings me to another aspect - understanding debt,” Priya said. “Debt isn’t always bad. A home loan can be a smart move. But high-interest loans like credit cards? Dangerous if not controlled. Financial literacy helps you distinguish good debt from bad.”

Krishna leaned back, looking thoughtful. “You know, I always thought I needed to earn more. But it seems I need to manage better.”

Jayashree smiled. “Priya, I think you’re not just helping families reach their goals - you’re literally changing lives. I wish I had talked to you earlier.”

Priya laughed. “It’s never too late. That’s why I started this journey - to spread financial awareness. Once you understand money, it stops controlling you.”

They sipped their tea in silence for a moment, letting the truth sink in.

Jayashree finally said, “Looks like I need a trusted financial advisor.”

Krishna nodded, “Luckily, we have one right here.”

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