I am the financial nerd in our family.Â I pay the bills and manage our household finances.
Every few months, I update a financial inventory worksheet for my wife.Â I keep one copy at home and another at my office.
The worksheet – really an inventory of our financial accounts – provides a snapshot of our account balances, website addresses, and passwords.
I print out the inventory and fill it out by hand – but I also keep a digital copy on a secure thumb-drive.Â I always date the worksheet and include an estimated balance for each account.Â If something were to happen to me – injury, death, illness – my wife would have easy access to our financial information.
I make sure that I don’t just leave this piece of paper lying around the house.Â This information could be misused.
|Account||Account Number||Telephone||Website||User Name||Password||Balance|
|Date This Document Was Created:|
My wife and I work together to manage our finances, but since I’m the one that handles the paperwork, I’m the one who fills out the inventory.Â Here are some thoughts on how we avoid arguing about money – and some thoughts on what would happen if I were to die.
Regularly updating our financial inventory worksheet is a priority.Â Hopefully, my wife will never need it, but if she does, it will be there.