Finances Binder
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Thread: Finances Binder

  1. #1
    Registered User peanut's Avatar
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    Default Finances Binder

    Does anyone else have one of these? DH and I just turned a bunch of files into a binder format. In it we keep:

    ~ important information and numbers for whoever needs to clean up our financial mess after we die.

    ~ copy of our wishes in regards to funeral etc.

    ~ insurance policies

    ~ latest RRSP statements

    ~ Retirement projections

    ~ latest pension statements

    ~ summary of expenditures over the last 12 years in graph form...and accompanying chart form printout from Quicken (to see if there's actually been any improvement!).

    ~ detailed printout of all expenses for latest year (to do projections and planning from).

    ~ dated notes from meetings with financial planner, accountant, etc.

    ~ latest non-registered investment statements.
    I'm thinking it wouldn't hurt to throw a copy of our wills in there as well.

    Does anyone else do this? What do you put in your binder?

    Jean
    Last edited by peanut; 01-01-2009 at 06:32 PM.

  2. #2
    Registered User khjmom's Avatar
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    We are working on getting our important papers in one place. That would include insurance policies, bank accounts....all of our financial papers. We will also add our wishes for funeral plans and we need to do a will...which is scary to think about I think...but we do have two boys to think about (our dd is considered an adult). That is our financial project for the month. We have also been advised to give a copy to our parents for safe keeping. I like your idea of a binder. I think that would make it easier to keep everything together.

  3. #3
    Registered User momof2joys's Avatar
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    Thanks for the info, and wonderful ideas!!!
    Emergency Fund: $0.00/$1000.00

    Live life to it's fullest and never pass up an opportunity to do something fantastic!


    Starting a new life and a new ME!!


    Very Proud Mother to Kaden-8 and Karleigh-6

  4. #4
    Registered User my4littlebuffaloes's Avatar
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    I have a binder but it doesn't have nearly as much in it as yours does. I keep our budgets and document our 2 savings accounts in there. I have our savings accounts broken out into different categories and this is how I keep track of what is in each category. Will have to consider adding some of the stuff you have in yours, I bet it makes life easier.
    Jennifer

    ds 14
    dd 12
    ds 10
    dd 8

    My blog - www.gettingaheadblog.com


    Savings Challenge

    Furnace $0/$3000

    Family Reunion Beach Vacation $100/$3000

  5. #5
    Registered User geckoace's Avatar
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    for my after we pass info, i keep it in a red folder in our firesafe/filebox. i need to duplicate it and keep it at my sisters house
    Reba

    When you come to the end of your rope, tie a knot and hang on.
    Franklin D. Roosevelt

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    Registered User MomToTwoBoys's Avatar
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    I don't actually have a binder for finances. All we really have is some bank accounts with not much in them. I really need to get a new will printed because my previous will was from 1997.

    I think instead of a binder, I might do a safe deposit box.

  7. #7
    Registered User Kaos Kitty's Avatar
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    Good idea - I keep meaning to make a binder with all my updated statements, financial info and make out wills and funeral preferences to keep in the fire safe. If I died tomorrow Dh wouldn't have a clue. I should make it my February challenge!

    As for budget info - I do my monthly tracking/budgeting on an excel sheet on the computer.
    "A Penny Saved is a Penny Earned"

  8. #8
    Registered User angelbumpkin's Avatar
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    I have a copy of all insurance ...life,heath and car, bank info, wills, trust info and special needs trust info for my kids. As well as extra copies of social sercurty # and birth certificates.

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    Registered User Patty A's Avatar
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    Fire proof safes are not really expensive at Walmart or Kmart. They are well worth the price for the peace of mind. We keep all our important papers in there and that way they are all together too.

  10. #10
    Registered User MommyTrap's Avatar
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    This is someting we need to do. Great, another goal for 2009! lol

  11. #11
    Registered User georgiamom's Avatar
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    We have a binder like this also along with a fireproof safe two of them one for personal and business. We have a fireproof safe but my dh is in the guard and is required to keep a copy of our will and certain paperwork on file in his membership folder. Not sure why but he does. I or we my mother and me when she got better, did an emergency folder for my parents when she almost passed a few years ago because my father was so lost. We have the finances, medical and insurance papers in it for him or who ever will be taking care of it. Now everything is in one place. She also has a zip file with all of their medical information dr, meds and insurance info and she updates it as needed for the hospital I didnt even know you could do this but we saw it on tv one day and was recommended by a nurse. We take the folder to her doc when we need to. She has a lot of meds. Dad not so much. I would recommend it to anyone that has to help out parents or any other family member. Especially if they have had a lot of surgeries and procedures.
    Last edited by georgiamom; 01-29-2009 at 03:14 PM.

  12. #12
    Registered User peanut's Avatar
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    Georgiamom: that's a good idea about the medical information. I have an Early intervention Plan for my mental illness, but I think it's good to add a list of meds and vitamins, etc.

    Jean
    Last edited by peanut; 01-30-2009 at 01:18 PM.

  13. #13
    Registered User momathome's Avatar
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    on mine I have properties that I have that I have put that information in there as well as the other important info you have mentioned- its central and convienent for me- the wills also be in there -i got that idea from one of my clients its great idea

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