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Do you have a financial notebook?

Last post Tue, Jun 8 2010 5:54 AM by Luvd_Lioness. 13 replies.
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  • Wed, May 12 2010 11:29 AM

    • Pat
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    • Joined on Tue, Mar 6 2007
    • Colorado
    • Posts 14,463

    Do you have a financial notebook?

     This article about making and keeping a "Financial Notebook" makes some very good points. My records are not very comprehensive and I need to work on getting them all together. What about you?

    A writer made a very good point, too. He said NOT to keep these records on your computer because it "leaves a digital footprint and could be found by others." Also (and this is just me) there's the chance they could be lost to you in case of a computer failure unless you back up the file every time you update your records. 

    Anyway, some things to think about: 

    Do you keep a financial notebook the way he explains it?
    Do you keep it on your computer?
    If not, how do you keep track of things like this?
    Any tips or ideas to share about how to do it?

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  • Wed, May 12 2010 2:19 PM In reply to

    • Toni B.
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    • Joined on Fri, Apr 4 2008
    • Seneca Falls NY
    • Posts 3,826

    Re: Do you have a financial notebook?

    Pat - I could not get the link to work. To answer your question yes we do and the information is not on our computer. Its actually several binders that we could grab and go if we needed to vacate. I will have come back and let you know how we do it later.
    Officially Recognized Stretchpert in Stages of Life
  • Wed, May 12 2010 2:30 PM In reply to

    • Pat
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    • Joined on Tue, Mar 6 2007
    • Colorado
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    Re: Do you have a financial notebook?

     Thanks.. I fixed the link (although I don't know why it didn't work in the first place). 

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  • Wed, May 12 2010 3:49 PM In reply to

    • Toni B.
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    • Seneca Falls NY
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    Re: Do you have a financial notebook?

    Our system is similar to what the author is talking about. We have several binders going with information that isn't necessarily "financial" but without them, we could hit a glitch. We have one binder exclusively for all our home/car/life insurance policies. Another binder that relates to the House - major repairs on an excel spreadsheet plus contracts and information about the repairs, circuit breaker & electric wiring diagrams etc. One for the cars - set up the same as the house. Another binder exclusively for the VA. One binder for Deferred Comp and Retirement information. One for taxes. We customized our own phone book. And last but not least the infamous Budget Book that has everything we need to pay and track bills. All our legal documents are in a fireproof safe or at our attorney's office. These do require regular maintenance to keep current.
    Officially Recognized Stretchpert in Stages of Life
  • Wed, May 12 2010 3:54 PM In reply to

    • Pat
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    • Joined on Tue, Mar 6 2007
    • Colorado
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    Re: Do you have a financial notebook?

    Toni B.:
    major repairs on an excel spreadsheet plus contracts and information about the repairs
     

    On the computer? 

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  • Wed, May 12 2010 4:47 PM In reply to

    • Toni B.
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    • Joined on Fri, Apr 4 2008
    • Seneca Falls NY
    • Posts 3,826

    Re: Do you have a financial notebook?

    No - not exactly. I created a blank excel document and we fill in the information by hand. Date - Name of Contractor - Work Done - Cost - Special Notes. We keep a copy of the contract in the book as well.
    Officially Recognized Stretchpert in Stages of Life
  • Wed, May 12 2010 5:09 PM In reply to

    Re: Do you have a financial notebook?

    We have this information in files, but I think I'll make a binder, maybe with some pages just referring to what is where. It would serve as a tool to help me find things. AM
  • Fri, May 14 2010 11:32 AM In reply to

    • Walt34
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    • Joined on Mon, Dec 17 2007
    • WV eastern panhandle
    • Posts 1,406

    Re: Do you have a financial notebook?

    I also got no response from the link.

    We do keep most of our day-to-day financials on the computer, but in encrypted files and backed up to an external hard drive that I can just grab and carry out with me. Being a former computer forensic examiner and fraud investigator I am well aware of what can be found on a computer. Done right, the risks are minimal to non-existent. And if someone wants my information bad enough to spend a week running a distributed network attack on the passwords they'll be disappointed in what little they find. No account numbers, no institutional names, just dollar amounts.

    And if the data did become unrecoverable from the computer it would take at most two days to rebuild from paper sources. Our life isn't that complicated.

    Officially Recognized Stretchpert in Money Management
  • Fri, May 14 2010 12:00 PM In reply to

    • Pat
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    • Joined on Tue, Mar 6 2007
    • Colorado
    • Posts 14,463

    Re: Do you have a financial notebook?

    Walt34:
    I also got no response from the link.
     

    Copy and paste this: http://www.stretcher.com/stories/10/10may10b.cfm


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  • Sat, May 15 2010 9:35 AM In reply to

    • rolo
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    • Joined on Wed, Apr 4 2007
    • Michigan
    • Posts 1,932

    Re: Do you have a financial notebook?

    We have a Legacy File: http://www.daveramsey.com/article/legacy-drawer-is-your-family-prepared/lifeandmoney_relationshipsandmoney/
    Lorrie

    "People take different roads seeking fulfillment and happiness. Just because they're not on your road doesn't mean they've gotten lost." ~~ Dalai Lama XIV -

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