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The Gift of Getting Organized
Organizing your financial records is one of the best gifts you can give your family. By setting up a workable system and telling family members about it will ensure they know how to pick up the pieces should there be a crisis or death.
Getting organized doesn’t mean finding a place for everything. It means knowing what to keep and for how long, where to store documents and when to shred outdated statements.
Consider these tips to get started:
1. Eliminate waste. Toss items you don’t need, such as receipts for small purchases or groceries, or records on autos you no longer need. Also, consider software organization tools, or going paperless. We have online banking that can help you get organized and go paperless.
Furthermore, to eliminate waste and prevent identity theft, shred old documents with Social Security numbers or account numbers. If you’re finding yourself swimming in old papers, receipts and personal documents that need to be shredded, watch for our upcoming shred events.
2. File it. Set up a simple filing system that anyone can follow, separating active from inactive files.
3. Protect it. Get a safe deposit box for anything that would be difficult to replace if destroyed, such as birth and marriage certificates, titles, household inventory, investment certificates and military records.
4. Establish a routine. Open and sort mail daily. Arrange bills so you can pay them about the same time each month. Every year or so, weed your files.
If you need help organizing your finances, we have trained staff that want to help or our convenient online Money Management tool is a great way to budget, get organized, see all your accounts in one place, set up reminders and more!