Organization and Filing Tips
of the best ways to make sure you can stick to your
financial budget is to stay organized. I found that
by taking a little extra effort to keep organized
and properly file bills and other financial papers,
I was able to keep to my budget.
I have listed some budgeting organization tips
that have helped me.
your bills arrive, put them in a centralized location.
For me, I put bills in a "bill basket"
by my computer desk. I don't even open them in
most cases, I just make sure I plop them in the
basket the day I get them in the mail. Don't put
unpaid bills in different folders or categories.
The last thing you want is an unpaid bill that
you missed because it was in a folder that you
forgot to check.
1 day a week to sit down and organize your finances.
For me this involves sitting down at my computer and
desk, opening and paying bills that arrived in the
mail that I placed in my basket. Whether you are paying
bills online or writing checks, make sure you set
the time aside once a week to keep on top of your
a location for everything that is related to your
finances. This includes, envelopes, stamps, checkbook,
your computer (hopefully you use a software program
like Quicken or Money) to pay and record your bills.
This way, you have everything at your fingertips and
won't have to go hunting for things like stamps or
your checkbook. If you do, the next thing you know
you are off doing something else!
your paid bills in folders. I like to use one of those
accordion flex binders to organize my paid bills.
I label each section into categories such as utilities,
credit cards, car payments, etc. Whatever you do,
don't organize unpaid bills in categories. This is
a sure fire way to miss a bill that is hiding in a
binder or folder!
- Keep and
organized your bank statements and canceled checks.
You may need to dispute a bill and in many cases,
having the proof of payment will save you headaches.
If you are applying for a new home mortgage, you will
need bank statements and rent checks that have cleared.
- Use a
software program to help organize and shorten your
budgeting time. Microsoft Money or Quicken are the
two most commonly used software tools to help organize
your debts. For instance, if you have 4 credit card
bills to pay every month, see if you can consolidate
them down to 1 or even look into rolling your credit
card debt into a second mortgage with a lower interest
You Tired of Worrying About Money?
prefer to get really automate the budgeting
process, consider Quicken. I have used Quicken
for over 10 years and recommend it 100%. Click
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