What software do you use to inform others of your banking/accounts?

tempus_fugit

My other half has access to the YNAB login and the Google Sheets spreadsheets with details of the axxounta, pensions and monthly outgoings are all stored in there. These include accounts in her name and also joint accounts, so she will need to know about those, but also mine as there are direct debits from them as well and she needs to know about them, notwithstanding the fact that she will get most of the moment in this else after prior rights have been sorted out.

enthusiasticsaver

Presumably your wife knows that there are numerous standing orders to different bank accounts though? So long as you keep a list on an excel spreadsheet of all your accounts, and ones opened in her name she should be able to access them and cancel them/close them down or whatever she decides to do. Word or Excel can be used, personally I prefer Excel or you could just do a print out on online banking of standing orders list.

tempus_fugit

Yes, I use Google Sheets for this purpose.

JustAnotherSaver

tempus_fugit wrote: »

My other half has access to the YNAB login and the Google Sheets spreadsheets with details of the axxounta, pensions and monthly outgoings are all stored in there. These include accounts in her name and also joint accounts, so she will need to know about those, but also mine as there are direct debits from them as well and she needs to know about them, notwithstanding the fact that she will get most of the moment in this else after prior rights have been sorted out.

What made you use a spreadsheet over a word document for example?

I found in a word document you can write out a description no problem but with a spreadsheet it's a bit hard for me to explain but it all looks a little clunky. I can only assume i'm using it wrong, but then i'm not so fluent in spreadsheets anyway.




On a side note, i heard a while ago Google Drive was going to be closing. Is this a hoax?

tempus_fugit

A spreadsheet is just so much easier, especially for the monetary stuff which is largely numerical. The only text is in tables showing the accounts, direct debits, standing orders etc and that only needs a short description of each one, so fits in a table quite easily.

Pretty sure that is a hoax. GD is used by millions of users and is a major element in their competition with Apple and Microsoft, amongst others.

EDIT: I see that the APP is being discontinued from next March, in favour of Google Backup and Sync. But the storage itself will still be there.

JustAnotherSaver

enthusiasticsaver wrote: »

Presumably your wife knows that there are numerous standing orders to different bank accounts though? So long as you keep a list on an excel spreadsheet of all your accounts, and ones opened in her name she should be able to access them and cancel them/close them down or whatever she decides to do. Word or Excel can be used, personally I prefer Excel or you could just do a print out on online banking of standing orders list.

Yes she knows about it all. Every time i open a new account she just sighs :rotfl:I told her last week that we were switching from Santander to HSBC. She didn't like it that she'd have to tell her employer to change her pay details. Didn't matter that we were getting an easy £200 out of it :rotfl:


And whatever i use it would have to be easily edited (so paper would be out of the question really) as it frequently changes.

If my wife ever said she didn't want such-&-such happening with her name on the accounts, like she didn't want a new one opening up or a new savings account or direct debit or whatever then i'd not go against her wishes but she doesn't because she knows money-wise it's in our interest (no pun intended). It's just not something she can get interested in so leaves me to it.

EachPenny

YorkshireBoy wrote: »

It's this that the OP is trying to address, NOT what happens to his own accounts after his death (because that bit's easy...widow just contacts providers and says "he's pegged it").

Crucially the widow or next-of-kin need to know who the providers are that need contacting, which is a major part of my system of record keeping.

Some of my money is in accounts with organisations I'm sure my executors have never even heard of, for them one current account and one savings account is all anybody needs, why would anyone need more?

datlex

I find it concerning how many people let other people control their finances. Quite disturbing I think.

YorkshireBoy

EachPenny wrote: »

Crucially the widow or next-of-kin need to know who the providers are that need contacting, which is a major part of my system of record keeping.

No real need for any special record keeping here in terms of providers. Just 4 ring binders on the study shelf labelled A-G, H-L, M-S, and T-Z. Start at the front and work your way through. Shouldn't take more than a couple of days!

Shakin_Steve

I have thought about this long and hard. I found myself worrying about this very situation a good while back. My wife is exactly the same as others have described with a “Yes dear. That’s nice dear” attitude when I try to explain how clever I’ve been.
I simply decided it wasn’t worth the mess I would leave if I went suddenly. I decided that three current accounts was enough and, as we are a ‘what’s mine is yours’ couple, we would make them all joint accounts. I have credit cards solely in my name, some of the with 30 months at 0% with the minimum plus £5 being paid. But, with access to all three current accounts, I’m sure she’d soon work out what was going on there.
In future, I’ll have to forgo all the lovely incentives on offer, but I’ll sleep better.
I also make sure there is more in the current accounts than is owed on the cards, tempting though it is to feel smug about playing with the CC companies money and not paying anything for it.