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

zerog

datlex wrote: »

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

Disturbing that a husband and wife share their finances, or that one half of a couple trusts the other half?

colsten

All my accounts, and transactions in them, are recorded in a personal finance application. Access information is securely kept and managed in a password manager.

As a rule, I don't "inform others of my banking and accounts".

bigadaj

JustAnotherSaver wrote: »

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.

Seems a bit odd to be switching a 'main' account to which salary is paid into, why not a spare?

badger09

My husband and I have mostly separate finances, but share a couple of joint current accounts and receive paper statements for the 'main' one.

I'm the active one where new accounts, switching etc are concerned. Generally he can't be bothered; you could say he has no interest;). I also look after the joint current account.

I have details of all my savings and investment accounts on a multi page Excel spreadsheet which I keep up to date. The spreadsheet is password protected and kept on a password protected encrypted USB stick.

In addition to details of the accounts, balances and interest rates etc, it shows details of DDs and SOs in and out of each account. I sent an edited version to an MSE user several years ago but my current version is much more comprehensive.

My husband and son are joint executors and my son knows the password to the USB. There's no point in my husband knowing it as although he knows its 'my magic stick', he wouldn't have a clue what to do with it:rotfl:

Uxb

Its becoming a problem for executors - particularly those distant from the immediate family.

In the past they could at least start to find a paper trail in the property of what accounts or even just what financial groups the deceased held accounts.
Now often there is no paper details and the data is behind online accounts whose only evidence is behind password locked computers and password managers.

cloud_dog

Ok, I'll offer up my version....

Contacts List (Spreadsheet)
This contains all organisations we deal with (financial, utilities, everything). It identifies if the organisation is specific to a person, i.e. me or OH, or child, etc. It contains all sensitive information (user names / passwords etc).

The spreadsheet is Excel 2010 and is password protected and exists within an encrypted drive (specific for the purpose). OH knows the passwords.

What You Need To Know, What You Need To Do (Word doc and HTML page)
This is a Word document that describes where our finances, utilities, credit cards, etc, are, it also describes when some things are due, i.e. car tax and MOT, house insurance renewal, etc.

It is also a HTML (TiddlyWiki actually) and is bookmarked on her laptop.

For each section it has a 'What You Need To Do' section, and this explains things that need to be addressed critically, initially, or at some point. This is predominantly focussed on things like if I have any 'stoozed' money on CC, or guidance on what to do regarding any lump sums that may come their way.

We also still use MS Money to manage day to day accounts and investment / pension accounts etc.

datlex

zerog wrote: »

Disturbing that a husband and wife share their finances, or that one half of a couple trusts the other half?

Neither disturbing that people don't know what is happening with their own finances (sole and joint) because someone else looks after it to the extent they don't know log in details etc.

YorkshireBoy

datlex wrote: »

Neither disturbing that people don't know what is happening with their own finances (sole and joint) because someone else looks after it to the extent they don't know log in details etc.

What you've found disturbing is the "trust" that exists between married couples, ie the second of zerog's questions, not "neither".

When a couple own a half share each in a, say, £400K property, and one of them has a, say, £300K pension pot, there's a lot more to worry about than "I thought I had another fifteen hundred quid somewhere. What have you done with it?"!

Maybe we're a lot older than you? Or you're not married?

JustAnotherSaver

datlex wrote: »

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

In some situations it is disturbing as people will be getting robbed left right & centre. That's a shame but also not my concern.

The way i see our relationship is we are a team. The moment we got married we went joint account, in fact it might have been before that i can't remember now. There was no your money my money it was our money. Decisions are made for the good of "us". We talk at length and while in the banking sense she may not be interested she does sit there & listen and ask questions to satisfy herself that she's happy with everything. She trusts me & i trust her, both in banking and just in life. I'm fortunate to have someone i can trust like that. It's sad to me that some people can't experience that level of trust, yet they're married to the person.

JustAnotherSaver

bigadaj wrote: »

Seems a bit odd to be switching a 'main' account to which salary is paid into, why not a spare?

I didn't see it as odd.

Santander 123 was offering me nothing really. When factoring in the monthly fee and the cashback with the interest i was making pence. Not worth it. The £200 switch swamps the interest i would gain on the Santander account. I'd have to run it into the next lifetime for it to even match the £200.

My money is elsewhere - TSB, Lloyds, regular savers. It's been long due to come out of Santander.