Perhaps you're frequently told—by colleagues at work, family members, or friends—that they don't know what they'd do without you. Of course, it makes you feel important. But perhaps you're being given a bit of a back-handed compliment. Any good manager can tell you that the secret to a smooth running and successful operation is delegating authority.
Maybe you make the world's best lemon pie. And after you're gone, your kids will sit around for decades, reminiscing about what a great pie Mom used to make. But wouldn't it be even better if you had given them the recipe, and they could continue making it for themselves instead of simply dreaming about it?
How much more important are your financial records! Whether you are the only adult in your household, or share responsibilities, think for a moment. If someone had to take over for you in an emergency, would they be able to keep your affairs running smoothly? Here are some points to consider:
And remember, turnabout is fair play. If your partner or spouse handles all or some of the bills, then perhaps you are the one who needs training. If handling the finances is not your regular job, but suddenly fell to you, would you know what to do?
This month, vow to share information, and step through the process of handling your financial business with someone you trust. Even if you go back to your routine division of labor, you'll undoubtedly have become more organized in the process, and you'll have gained peace of mind, knowing that in unexpected circumstances, your affairs can be managed smoothly. That's better than being indispensable any day.
Making Finances Indispensable
While completing this process, you may come to recognize a newfound appreciation of the intricacies involved with managing your financial affairs. Now may be a good time to take a second look at your finances and long term plans and involve your backup in the process. Guidance from a qualified financial professional can help you think about the best ways to plan for the future and manage your money. To learn more or access helpful materials, speak with a local financial professional or visit www.massmutual.com/women.
Provided by Brad Konawalik, courtesy of Massachusetts Mutual Life Insurance Company (MassMutual).
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