how to start a financial binder: Gather Supplies

GUEST BLOGGER: CALLIE WARD

In my last post I shared how IMPORTANT it is to get your financial paperwork in order. I think we get little hints everyday on WHY this is so important- Governor Gary Herbert declared March as Flood Safety Awareness Month. How many earthquakes are we at now in the past 30 days?! Today is the day we are going to start our financial binder….ok, let’s say it again…TODAY is the day we are going to start our financial binder!  And of course, I’ve got all the steps to share along the way. I won’t leave you hanging! Let's begin...

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Starting your Financial Binder 101:
First, purchase supplies. Your Financial Binder doesn’t have to be fancy!
You’ll need:

• A sturdy three-ring binder
• Dividers
• Page Protectors

Next, label the dividers with the titles of your Financial Binder items. Here is what I suggest:

• Directories
• Family Records
• Financial Information
• Personal Property Inventory
• Passwords and Combinations
• Summary

Once you get the physical Financial Binder assembled, this is where we get more into the details of the who, what, where, and when kind of records. That means more blog posts coming for each section!
Again, a Financial Binder provides a quick reference to your entire financial situation. Start one TODAY. And keep in mind as you start, this is IMPORTANT stuff, store the entire Financial Binder in safe spot!
Check back later this month for instructions on how to put together the first section of your binder: Directories.