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I found this pot online.
I assume this situation is all too common
My wife and I realized our entire financial life only exists in our heads
My wife and I are 38 and 39, married seven years with two kids. We’re taking our first trip without them next month so my sister asked us to leave emergency information. Doctors, insurance cards and phone numbers were easy. Then she asked where she’d find everything else if something happened to both of us.
That question exposed how disorganized we actually are and ngl it cought me offguard like full on offside. We have an old 401k, two current retirement accounts a college accounts for the kids and a mortgage and some other stuff. Some bills come from my account and some from hers. I know where most of it is and she knows where most of it is but neither of us could explain the whole picture without opening six apps and searching old emails.
We spent Sunday afternoon making a list at the kitchen table and it was embarrassing how many times one of us said Wait, I forgot about that.
We’re not rich and our situation isn’t complicated. We just opened accounts as life happened and kept saying we’d organize everything later felt like a kid on a adults body, wierd i know. trying to take care of our kids.
Does anyone have one place where another person could actually figure out what exists? Did you start with an account list, a will or something else? My parents aren't alive and my wife is a first gen immigrant so that's why im asking!
I assume this situation is all too common
My wife and I realized our entire financial life only exists in our heads
My wife and I are 38 and 39, married seven years with two kids. We’re taking our first trip without them next month so my sister asked us to leave emergency information. Doctors, insurance cards and phone numbers were easy. Then she asked where she’d find everything else if something happened to both of us.
That question exposed how disorganized we actually are and ngl it cought me offguard like full on offside. We have an old 401k, two current retirement accounts a college accounts for the kids and a mortgage and some other stuff. Some bills come from my account and some from hers. I know where most of it is and she knows where most of it is but neither of us could explain the whole picture without opening six apps and searching old emails.
We spent Sunday afternoon making a list at the kitchen table and it was embarrassing how many times one of us said Wait, I forgot about that.
We’re not rich and our situation isn’t complicated. We just opened accounts as life happened and kept saying we’d organize everything later felt like a kid on a adults body, wierd i know. trying to take care of our kids.
Does anyone have one place where another person could actually figure out what exists? Did you start with an account list, a will or something else? My parents aren't alive and my wife is a first gen immigrant so that's why im asking!
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