Tracking Your Monthly Bills & Subscriptions

The Expenses & Recurring Payments Hub

Keeping a record of your expenses and recurring payments helps maintain financial stability and prevents missed obligations. From utilities and mortgage payments to streaming services and insurance premiums, documenting these expenses ensures you stay on top of your finances. In estate planning, tracking recurring payments also helps loved ones or executors efficiently manage or cancel accounts when needed, avoiding unnecessary charges and complications.

Household expenses concept.

Table of Contents

Key Things To Know

Organizing your recurring expenses ensures financial security and simplifies estate transitions. Here’s what to keep in mind.

  • List all recurring payments to avoid missed bills: Track mortgage or rent, utilities, phone bills, insurance premiums, credit card payments, and subscription services.
  • Some payments may need to be canceled after death: Streaming services, memberships, and auto-pay subscriptions should be discontinued to avoid unnecessary charges.
  • Essential expenses should be prioritized: Ensure that critical payments like mortgages, insurance, and medical bills are managed properly to prevent disruptions.
  • Executors need access to financial records: Having a clear list of expenses makes it easier for an executor or family member to handle financial matters if necessary.
  • Estate planning should include payment transition plans: If someone depends on your financial support, such as a dependent or business, ensure payments continue as needed.

Checklists, Guides, & Resources

Buried in Work offers a variety of checklists, guides, and other resources. Below are some of the most popular ones related to this information hub.

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Frequently Asked Questions

Have questions about managing expenses and recurring payments? Here are answers to common concerns.

Include housing costs, utilities, insurance, credit card payments, loans, memberships, streaming services, charitable donations, and any other automated payments.

Set up alerts for due dates, automate essential payments, and document account details so a trusted person can manage them if needed.

Many payments will continue unless canceled. Executors should review and discontinue non-essential services while ensuring important bills are paid.

It’s a good idea to have a trusted individual who can access your financial records in case of an emergency, particularly for essential expenses like mortgages and insurance.

Store your information in a secure location and consider utilizing an estate organization system like the CLEAR Kit to ensure your records are protected and accessible when needed.

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Disclaimer: The information provided on this website and by Buried in Work is for general informational purposes only and should not be considered legal advice. Please consult with a qualified attorney or subject matter expert for advice specific to your situation.