There are many reasons to do this. It’s an investment in you and your personal well-being for starters. Knowing where things are at financially is calming, liberating and allows maximum fun.
If you know your bills are paid, your emergency account is fully funded and your investments are working day and night for you, you will have a greater sense of calm. And it lasts all year. Not just the week or two of calm you get from going on a holiday. Especially if your bills pile up, your admin gets behind and you blow your emergency funds on your, ‘but I needed it!’ trip.
Also, if you were incapacitated or died, could someone step in and know where everything was? Are all the accounts easy to find? Is there an up-to-date will? Are bills on direct debit? Or would someone have to hunt around and figure out what to pay and when?
Do this for you, and your heirs or carers. Start today and have it all sorted by the 15th July (2022!!). Go!
Your Thinking...