Getting My Financial Paperwork In Order
This week I will get together the paperwork necessary to make a net worth calculation. The Simple Dollar has a wonderfully detailed post on creating a net worth calculator using a spreadsheet.
For preparation I will need to get the following documents together:
1. 401(k) account balances. Neither my wife or I have rolled over our 401(k) accounts from previous employers, so I may need to dig a bit to find all of them. After getting everything together would be the perfect opportunity to do that rollover.
2. IRA balances. I have one account with Vanguard, so this should be easy to get.
3. Savings balances. This will also be easy to find.
4. Credit Card Balances. Both of our cards are with a major bank, so this will be as easy as logging into our accounts.
5. Student loan balances. This might be tough to find, as both my Wife and I have set up automatic repayment. We’ll have to hunt down our statements and check balances.
6. Car loan balance. We get a monthly statement, so I will have to find that.
While I am at it, Five Cent Nickel has the excellent idea to create a Financial User Manual in his New Year’s goals post. I will add insurance documents to the list, as well as collecting account numbers and contact information for everything. By Saturday I should be able to get everything together. If you see a post on Sunday you’ll know I was successful!
