Financial Maps to Simplify Changing Banks

This was a cool (and very, very simple) item to give better visibility to one's financial life.

I (like many others) have this map in my head but putting it down to paper is something great to make for the wife to explain everything I do with our financial picture as a whole.

I wonder at times that if something was ever to happen to me, would she understand everything.  Would she actually know where all the money is?

 

 

The issue about an account owner suddenly dying and how the survivors would know about the bank accounts is something that you have to prepare for.  it is best to store all important papers in a secure box somewhere and also have copies of it somewhere else.  This also includes online bank accounts since a paper trail is missing and hard to track.  That is why I am a bit leery about online only accounts and avoid them.  I do try to have all account information in one place so that it can be a quick reference when needed.  I recommend offline storage for these types of records and not placing them on a hard drive.