Jake, this has been a concern in my home for some time. My wife is computer-phobic, so I've had to make allowances for the fact that she refuses to log on to a banking web site.
The first thing I have done is revert to a paper-and-pencil system for finances. It works well, it's just not as convenient for me. But Pam can go to the binder and see whatever she wants.
As for the electronic stuff, in my Notes journal, I keep a document that has all the relevant information - passwords, web sites, user ID's etc. I update this whenever I need to, and then print a copy. The printed copy stays in our locked stong box at home. Pam knows where this is, of course, and where the key is. So in case of my demise the family's business life will not be hamstrung.
Whatever you choose as far as your tactics, I'd recommend you get Karen involved in the finances equally. Why? Well, one, it gets rid of temptation to play with the money, should the temptation ever come. Second, in tight times, it eliminates the possibility of you being the "bad guy" because you are the one who has to say no. If it's a joint effort, then you are really being a team and share the responsibility.
I think the necessesity for that depends on the personalities involved. But if one partner is the "money master" and the other is not involved, there is always the opportunity for resentment.
Jake, this has been a concern in my home for some time. My wife is computer-phobic, so I've had to make allowances for the fact that she refuses to log on to a banking web site.
The first thing I have done is revert to a paper-and-pencil system for finances. It works well, it's just not as convenient for me. But Pam can go to the binder and see whatever she wants.
As for the electronic stuff, in my Notes journal, I keep a document that has all the relevant information - passwords, web sites, user ID's etc. I update this whenever I need to, and then print a copy. The printed copy stays in our locked stong box at home. Pam knows where this is, of course, and where the key is. So in case of my demise the family's business life will not be hamstrung.
Whatever you choose as far as your tactics, I'd recommend you get Karen involved in the finances equally. Why? Well, one, it gets rid of temptation to play with the money, should the temptation ever come. Second, in tight times, it eliminates the possibility of you being the "bad guy" because you are the one who has to say no. If it's a joint effort, then you are really being a team and share the responsibility.
I think the necessesity for that depends on the personalities involved. But if one partner is the "money master" and the other is not involved, there is always the opportunity for resentment.