Comments on: Whatcha Know About Legacy Binders?

By: J. Money

J. Money — Fri, 24 Apr 2020 12:02:27 +0000

In reply to B”H.

hey!

very cool!

how similar is this to Chelsea’s “ICE” binder?

love that it’s free, of course :) Will click over and check it out, thx!

By: B"H

B"H — Thu, 23 Apr 2020 18:06:24 +0000

Hi J,

Thought you might be interested in this new ‘Quarantine Project’ I’ve been working on: https://www.freelegacybinder.com/

I’ve been editing it for a couple years along with some financial coaches and FIRE folk, and I finally decided it needs its own site. Would love feedback from you or anyone else reading this.

PS – Funny story, because this was being worked on by only financially savvy people, it took several edits before anyone though to add a car loan!

By: ZJ Thorne

ZJ Thorne — Sat, 05 Aug 2017 21:20:00 +0000

This is such a good idea. I keep all of my important documentation in a handy plastic binder. Right now it is just preparing me for a mortgage, but if she marries me, it will prepare her for something happening to me.

By: J. Money

J. Money — Fri, 28 Jul 2017 17:45:02 +0000

In reply to MB. SMART SMART SMART!! And good thing you hooked up your ex too like that or else he'd be in even more hot water ;)

By: MB

MB — Fri, 28 Jul 2017 11:25:42 +0000

Several years ago, I saw this concept come up and put together my “Binder of Information”. I had printouts of my password spreadsheet, printouts of Doctor’s bios, copies of insurance cards, Life ins docs, bank accounts and regular bills. I managed almost all of the finances. Last Fall the husband decided he was through with the marriage and I had the luxury of being able to move out first. I’d get texts/calls asking about this or that and I kept referring him back to the binder. I was able to easily remove pages that concerned my assets and find the file on my car and left the rest for him. When I built the binder, I made sure not not only tell the Husband about it, but our 2 boys. I figured the one who woudl remember it would be the older son who is already out of the house.

No I have a 3-pronged folder with page protectors where I keep all of my account and such. I was a cheap solution when I was unemployed. As it is, it will fit in my fire proof suitcase safe. I tried to regularly remind my 17YO who spends part of his time living with me.

I also put the log in to my PC and my phone pin # in my password spreadsheet. I keep a copy on a cloud storage. Not account number, just a brief description of the account/website, userid and password. I accidentally erased my latest version, so I am rebuilding it.

By: J. Money

J. Money — Mon, 17 Jul 2017 13:51:13 +0000

In reply to Keith "Shin" Schindler. Dang, that blows... glad you're going to break the chain! :)

By: J. Money

J. Money — Mon, 17 Jul 2017 13:50:44 +0000

In reply to AnnieG.

I wish I could tell you the same myself, but I have yet to open it up – womp womp…

By: J. Money

J. Money — Mon, 17 Jul 2017 13:50:10 +0000

In reply to Cody @ Dollar Habits. DOOOOOOOOOO IT!!!!!

By: Keith "Shin" Schindler

Keith "Shin" Schindler — Sat, 15 Jul 2017 23:06:45 +0000

Great post!

When my Dad passed in ’97, we had to hunt for everything. My mom said that she was going to have everything in order. Nope, that didn’t happen. We had to hunt through her stuff too.

I have a Legacy Box, but I REALLY need to update it. Thanks for the reminder!

By: AnnieG

AnnieG — Fri, 14 Jul 2017 20:18:03 +0000

I used the downloadable documents from that book to make a spreadsheet. That is more my style than a binder. But, I have to say, this book needs a serious update, not just another publication year with virtually no changes. It really has not kept up with the changing world.