If you create an inventory spreadsheet you can see which items you might want to gift to your kids when they move out… so you can upgrade and buy new + better versions. If you’re kids are moving out of home they’re going to need some new appliances, bedding etc. My sister recently moved out and we thought she had taken all her stuff with her, but when I was compiling this inventory I found a few items of hers that she’d left behind. When the lease ends or you choose to go your separate ways, you can avoid disagreements by keeping track of who owns what. If you have roommates each person has probably bought a few things here and there. When a loved one passes away, you can create a home inventory spreadsheet to see all of the items and decide how to divide them amongst the family members or which items to sell and donate. Similar to forecasting which items will likely break soon, you can identify which items you have that you want to upgrade at some point, so in a way you’re creating a shopping list at the same time. by creating an inventory spreadsheet you can quickly see items you could list for sale on eBay, gumtree, Facebook marketplace or elsewhere. Making extra moneyīy listing out everything you own you might find some things you forgot you actually owned. It’s also helpful to compile a home inventory before hosting a garage sale to clear stuff out before moving, or just for general decluttering. You can use it as a checklist when you get to the new place to make sure nothing was lost in the move. If you’re moving houses this detailed inventory spreadsheet ensures nothing is forgotten. I also added a column to record warranties to help forecast when items are likely to need replacing, so I can start setting some money aside to replace them before they break, or so that I have enough money set aside for when they do eventually break. And they’re big ticket items like the fridge and the couch which aren’t cheap to replace. I have quite a few things that at 10+ years old and really do need replacing soon (or are likely to need replacing soon). I added a column in the spreadsheets to record the date purchased so I could see how old my possessions were. Now in the albeit unlikely event that something happens, I can simply provide my insurer with a a copy of this spreadsheet. I wanted to calculate the amount of home contents insurance cover I needed to take out. This was the main reason I created these spreadsheets. Why keep a home inventory spreadsheet? 1. and ended up calculating I had about $35,000 worth of stuff… so I was potentially going to under-insure my belongings by $10k! So I created the home inventory spreadsheets I’m going to show you in this post, went to each room in the apartment and recorded all of my possessions. I recently renewed my home contents insurance and thought the same level of cover I already had ($25,000) should be enough… but maybe I should just double check.
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