Reading and thinking about your financial records and valuable papers are very important first steps. To be most useful in your situation, you need to “take action” to translate what you have learned into practice. We urge you to complete the following checklist to take action that is appropriate in your situation.
Check each step after you have completed it.
❑ Completed Net Worth Statement
❑ List needed household records and where they are located
❑ List records in my/our safe deposit box
❑ Establish/revise household record keeping system
❑ Decide who is responsible for record-keeping for next six months
❑ Establish regular schedule for recordkeeping
❑ Set up “Active” home files
❑ Set up “Inactive” storage area for household records
❑ Put critical records and list of record location in notebook for trusted relative or friend to use in an emergency
❑ Advise relative/friend where notebook is located