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Organizing your finances

Anything these days that helps you feel more secure and calm is worth doing! Organizing your finances can be done in just a few hours, so I encourage you to dedicate some time this week to this important task. The time is now to take control of your life, starting with organizing your finances. Create new habits


Nowadays, you can get your bank and credit card statements, and all your bills online. There is no reason to still request paper copies. I strongly suggest that you go to paperless. It is good for the environment and is easier for record-keeping. You can then shred your old paper copies of these statements. Of course, do get into a habit of reviewing all your statements online for accuracy as part of your monthly spending tracking exercise which is also something I highly recommend.

Documents to safeguard Here is a list of important documents (lists, computer files, or paper copies) that I suggest you keep in a safe place:

  1. Your budget so you or your loved ones know what to look for in tracking your spending.

  2. Will and estate plans including the names of the executor and power of attorney.

  3. Financial documents including investment statements and mortgage papers.

  4. Insurance policies.

  5. Deeds, birth certificates, health card numbers, passport, social insurance numbers, title and frequent flyer numbers.

  6. Passwords and PIN numbers to financial accounts and also to access your social media accounts.

  7. Copies of the last six years tax returns including supporting documents in case you get audited.

Easy access to your documents


I suggest having a one-page list of where to find these important documents and ensure that your loved ones have access to the list in case of an emergency.


I encourage you to organize your financial life. It is well worth it. You will feel great after completing this exercise as it gives you this peace of mind that is freeing and you will have more confidence in the future.


As always, if you have any questions, please let me know. I would be happy to help you get your financial house in order.

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