Morning Blend on Mater Dei Radio: “Organizing Financial Records”
Organizing your financial records is not just for your peace of mind, but for those taking care of your financials when you are unable to.
There are a few things to consider when preparing these items. While it may not be natural for all of us to be organized, it’s important to create a master list of all different accounts, where they sit, account numbers, and more. This is a great time to consider consolidating accounts where appropriate as well.
Working through and organizing records is much easier when you are still around. Taking the time to do it now will save stress in an already very difficult time. These can be difficult conversations, but in the long run, very beneficial.
When assessing your own accounts with different vendors, there are options when it comes to giving access. You can choose whether you have those you intend to take care of your financials directly on the account versus being a power of attorney. The important piece is making sure it’s done before it’s too late.
Finally, If you are managing someone else’s finances and having trouble finding accounts, look for business cards or a rolodex. These can hold valuable details regarding CPA’s, attorneys, financial advisors, etc. that may have helpful information.
Listen to the interview
About the Morning Blend on Mater Dei Radio
Mater Dei Radio is a Catholic broadcasting apostolate dedicated bringing souls to Jesus through the Blessed Virgin Mary. We hope your faith will be inspired and deepened through our 24-hour radio broadcast, original shows and podcasts, community calendar, social media, and more!
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