A recent bit of fraud caused me to close a credit card account, and it made me realize that I don’t have very good records about which payments are paid by which credit cards and bank accounts. Wednesday Worksheets to the rescue!
Automatic payments are a fabulous thing: I use them to pay my mortgages, divert money to savings, pay utility bills, and ensure that the minimum will be paid on my credit cards if something crazy happens and I forget to pay them each month. However, things can get messy if you close an account and don’t make the necessary changes to your standing payment orders.
Use this form to list your automatic payments and deductions, and keep it with your other important financial papers. If you lose your wallet, or discover that one of your accounts has been compromised, life will be a LOT easier if you have a quick way of making the necessary changes.
To identify the things you’re paying, check back through two months’ bank or credit card statements, and note any automatic transfers or payments. Be sure to include loan payments, savings transfers, investment deductions, and utility bills.
Here’s the link to the worksheet at Google Docs: https://docs.google.com/document/d/1VzCb6ks7Gh2jKsr8j73y6o61_rgyUIUEbAu1it3elWs/edit?usp=sharing
Here’s the document in Word format: Automatic Payments and Deductions
Here’s the document in PDF format: Automatic Payments and Deductions
Please let me know if you have any problems with downloading or using the forms.
And here’s my question: How much of your financial life do you have automated? I’m at about 80%, and trying to get to 100%.
Other Wednesday Worksheets:
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