Day: September 10, 2015

Documents You Should Have In Your Financial Caboodle Part II

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Welcome back, and I hope that you have had a fabulous week thus far. Have you been organizing your financial caboodle? This week we will cover three categories of documents that you need to have. Now remember, most of these documents are specific to my family, you may or may not need all of what I list, because I don’t need all of what I list so just pick what you need and what works for you.

Category 3: Financial Accounts

  • Bank/Credit Union Statements
  • Credit/Debit Card Statements
  • Retirement Accounts (401K, TSP, IRA, etc.)
  • Investment Accounts (Stocks, Bonds, Mutual Funds, etc)
  • Other

Now a days, with the age of information, most of these documents come in digital form, but I am old school, I like to have a paper copy. Also savings bonds no longer come in paper form, but I still have the ones that I purchased before they went digital.

Category 4: Sources of Income/Assets

  • Recent Pay Stubs for All Sources of Income
  • Government Benefits (Social Security, Temporary Assistance for Needy Families, Veterans’ etc)
  • Alimony Income
  • Child Support Income
  • Professional Appraisals of Personal Property
  • Rewards Accounts (Frequent Flyer Programs, Hotel Rewards, etc)
  • Other

I guess you could call me a pack rat or a hoarder, but I promise I am not. I am just meticulous and I can’t stand not being able to put my hands on things when I need them. On to the next category.

Category 5: Financial Obligations

  • Mortgage Statements/Lease Agreements
  • Utility Bills (Electric, Water, Gas)
  • Car Payments
  • Student Loans
  • Alimony Payments
  • Child Support Payments
  • Elder Care Facilities
  • Other Debts

Now that we are mid way through this document checklist, I would like to hear from you. Do you have these documents readily available?

Next week I will be on vacation and we will have a guest blogger, LaCosta Gaston, blogger of The Journey of Being A Wife. She will be talking about  wills, living wills and power(s) of attorney  and why you need them. I will see you all when I get back and I will wrap up this series.

Your Money Make-Up Artist,

Tracie

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