Comments on: Organizing yourself to financial success http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Regis http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/comment-page-1/#comment-22126 Regis Sat, 28 Aug 2010 05:51:43 +0000 http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/#comment-22126 I recommend using a file folder for medical expenses to be claimed and another for those refunded or not covered by the insurer. This helps you ensure that all expenses are sent for refund. This should be backed up by a spreadsheet for all medical expenses to be reported for the current tax year. The spreadsheet includes the following information by claimant (tax filer): date of expense, provider of service or product, gross cost, insurance refund (if eligible) and net cost. This information is needed when claiming medical expenses. At the present time, the data has to be retyped from the spreadsheet into the tax reporting software . Hopefully, the personal tax software providers will offer this software on a go permanent basis independent of the tax year so that you can simply input the data directly into the software reporting form. I recommend using a file folder for medical expenses to be claimed and another for those refunded or not covered by the insurer. This helps you ensure that all expenses are sent for refund. This should be backed up by a spreadsheet for all medical expenses to be reported for the current tax year. The spreadsheet includes the following information by claimant (tax filer): date of expense, provider of service or product, gross cost, insurance refund (if eligible) and net cost. This information is needed when claiming medical expenses. At the present time, the data has to be retyped from the spreadsheet into the tax reporting software . Hopefully, the personal tax software providers will offer this software on a go permanent basis independent of the tax year so that you can simply input the data directly into the software reporting form.

]]> By: No Fee Banking, Cheap Books and Roundup - Aug 22, 2008 | Million Dollar Journey http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/comment-page-1/#comment-16543 No Fee Banking, Cheap Books and Roundup - Aug 22, 2008 | Million Dollar Journey Fri, 22 Aug 2008 10:29:49 +0000 http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/#comment-16543 [...] Thicken My Wallet has a great article on Organizing yourself to financial success. [...] [...] Thicken My Wallet has a great article on Organizing yourself to financial success. [...]

]]> By: Patrick http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/comment-page-1/#comment-16473 Patrick Fri, 15 Aug 2008 04:27:42 +0000 http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/#comment-16473 I'll echo the remarks about keeping tax receipts together. Those are the one category of paperwork you are guaranteed to want at some point in the future. I’ll echo the remarks about keeping tax receipts together. Those are the one category of paperwork you are guaranteed to want at some point in the future.

]]> By: Mom2KG http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/comment-page-1/#comment-16460 Mom2KG Wed, 13 Aug 2008 20:05:27 +0000 http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/#comment-16460 Absolutely great post. Readers may know of my family's ongoing attempts to improve our financial health. One of the first things we did was organize. It was easy, assigned responsibility for everything, and felt like a huge accomplishment. Glad to have your report - we'll implement some of them. Absolutely great post. Readers may know of my family’s ongoing attempts to improve our financial health. One of the first things we did was organize. It was easy, assigned responsibility for everything, and felt like a huge accomplishment. Glad to have your report – we’ll implement some of them.

]]> By: dc http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/comment-page-1/#comment-16442 dc Tue, 12 Aug 2008 13:53:16 +0000 http://www.thickenmywallet.com/blog/wp/2008/08/12/organizing-yourself-to-financial-success/#comment-16442 Great post, the tips are great. I have a similar system (all file folders) and especially find that keeping tax related items together helps at tax time. I go a step further and have a spreadsheet for tax related items. I update as tax related items come up (track charitable donations, RRSP contributions, child fitness amounts, etc). The file folder is my supporting documentation. I am the one in our house who does the bulk of our "finances related stuff". I have created a spreadsheet that lists out what I refer to as our important information and have it password protected. The information I have on it is the information that my wife and/or my executor would need to know if something happened to me/us (bank information, investment accounts, insurance information, SIN # and other information). Rather than having to dig through files, this would summarize our financial lives in the event that something happens. Great post, the tips are great. I have a similar system (all file folders) and especially find that keeping tax related items together helps at tax time. I go a step further and have a spreadsheet for tax related items. I update as tax related items come up (track charitable donations, RRSP contributions, child fitness amounts, etc). The file folder is my supporting documentation.

I am the one in our house who does the bulk of our “finances related stuff”. I have created a spreadsheet that lists out what I refer to as our important information and have it password protected. The information I have on it is the information that my wife and/or my executor would need to know if something happened to me/us (bank information, investment accounts, insurance information, SIN # and other information). Rather than having to dig through files, this would summarize our financial lives in the event that something happens.

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