The telephone memory aid provides a database to a primary party for storing and retrieving personal information about a secondary party, including summary information related to communication exchanges between the primary and secondary parties. The summary information includes, for example, the date and time of prior telephone calls and the topics discussed. This secondary party information, including the summaries of prior telephone calls, is available for review by the primary party during future phone calls with the secondary party. The telephone memory aid also facilitates entry of information into the database through speech recognition algorithms and through question and answer sessions with the primary and secondary parties.