Financial Inventory Worsheet For My Spouse

I am the “nerd” in our family, so I pay our bills and manage our investments.
(Here’s a post about how I avoid arguing with my spouse about money. My wife is awesome, but she’s not all that interested in the “mechanics” of our finances.)

Every three of four months, I create a Financial Inventory Worksheet for my wife. I keep one copy at home and one copy at my office. The worksheet allows me to keep track of various accounts, balances, and passwords. I print out the inventory worksheet and fill it out by hand. If something were to happen to me (injury, death, etc.), my wife would have access to all account information. I always “date” the worksheet and include an estimated balance for each account.

Oh yeah. I make sure that I don’t just leave this piece of paper lying around the house. Seriously, a piece of paper with bank account numbers and passwords could potentially be misused.

Account Account Number Telephone Website User Name Password Balance
Date This Document Was Created:

Here’s a post I wrote a few months ago, entitled “What If I Die?”. Not my favorite topic, to be sure. But, these are things for which we must prepare.

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6 Responses to “Financial Inventory Worsheet For My Spouse”

  1. Moneymonk says:

    Wow~ I have the same sheet sealed in an envelope just in case. I told my spouse only open when I die. Mine is a little more detail, more like a will

  2. NCN, I think this is a good idea – but I see some potential problems. I’m sure you’ll think this is silly as would most of your readers, but you’d be shocked how often this becomes an issue. When a couple, for whatever reason, decides to stop dating or become separated if married – it’s not uncommon for one party (usually the one who would be hurt most financially by a divorce or separation) to make off with the others money.

    Generally, for someone with a joint bank account, this is as easy as a trip to a bank or now, a click of a button. By doing something like this, you give the other a literally guide of where the money is, how much is there, how to get it, and the logins/passwords to do so. Since it’s a joint account, it’ll be VERY difficult to get any of it back.

    I’m not trying to say this is totally a bad idea, but for me, I’d rather see people sit down with their partner each month (and when asked of course) and talk about what’s going on.

  3. NCN says:

    Kirby..
    I’m a little confused… maybe I didn’t explain everything…
    My wife and I sit down, not monthly, but WEEKLY and go over our budget, our finances, etc. The document above simply brings all that information into one place, for easy access. When I say that my wife is not interested in the “mechanics”… I simply mean that she’s not the one who sits down and actually clicks the buttons… But, she CAN. I’m totally transparent with her… Am I saying all of this correctly? My wife is VERY involved in our finances, but I’m the one who goes online and clickity clicks…

  4. [...] 22 – Financial Inventory Worksheet For My Spouse – What would happen to my family if I were to die or be injured?  The last thing I want my wife to [...]

  5. [...] Five:  I logged into all of my accounts and updated my Financial Inventory.  At first, I created this as a resource that my wife could use, if something were to happen to [...]

  6. [...] have created a financial inventory for my wife, but I haven’t updated it in a while. In fact, this post has inspired me to do [...]

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