personal finances folder

Each Monday morning, I plan to post my thoughts on Organizing Your Finances. Through this series, I hope to share a tip or two that address a common problem that many of us face in our daily lives — that of organizing our finances. I’d love to hear your thoughts on this initiative and would love it more if you could share a tip of your own. And, as always, do spread the word if you find this useful.

With D entering my life, I now see the need for creating our “Personal Finances Folder.” In this folder, I want to capture every aspect of our personal finances. Should anything happen, this should be our “Go To” folder. This far, we have kept our finances separate and therefore, to begin with, I want to capture my part of our personal finances in this folder.

Broadly speaking, I want to record information about our:

  • Assets
  • Liabilities
  • Insurances
  • Taxes
  • Financial Goals and
  • Personal Documents

As a first step, I bought one of these expanding folders — they’re perfect for capturing and consolidating your personal finances. I’m also using Google Docs to type-in the information and then printing it out for storing in the folder.

I plan to post each week on how I am tackling each of these categories. Stay tuned.

Now, how about you? Do you already have your Personal Finances Folder up and running? I’d love to hear from you.