ORGANIZE MY FINANCES HOW TO

Organization is vital to your financial success. It will save you time, frustration and money! In this post I’m going to organize your finances. Organizing your financial impact can have a huge impact on everything your money touches.

ORGANIZE MY FINANCES HOW TO

You can opt out of most pre-screened credit and insurance offers by visiting optoutprescreen.If you’re not where you want to be financially or if you’re feeling frustrated, overwhelmed, or confused about how to manage your money, there is likely one thing holding you back: organization. If you thought it was impossible to avoid credit card and loan solicitations – think again. You should also shred old credit card and loan offers. Tax returns older than seven years can be shredded (just check with your accountant first). Paycheck stubs aren’t needed once you get your annual W-2. As a general rule, you can shred ATM or credit card receipts if they match your monthly statement and if you don’t need them for tax purposes. Shredding old documents will help you significantly cut down on clutter. If you find credit card statements confusing, be sure to check out this tutorial on how to read a creditor statement. And always, if you have questions about your statements or bills, call customer service for a detailed explanation. You should review all financial documents for mistakes, fraud or term changes. Step 4: Read Your Bills and Account Statements Remember to allow time for mail delivery, if necessary. A structured schedule will help you meet all deadlines. If you prefer to handle all bill payments yourself, set aside a day and time each month that’s dedicated to bill paying. Before signing up for automatic bill pay, find out whether additional fees are required You need to ensure your bank accounts continually have enough funding to cover all automatic withdrawals. However, this isn’t a completely “hands off” method. Many banks offer automatic bill paying services, which automatically withdraw payment funds from your account. Step 3: Establish a Bill-Paying SystemĬreate a system to pay all of your bills, either online or offline. Click here for detailed instructions on how to create and utilize a monthly a budget. This will enable you to identify and adjust your monthly spending habits in order to meet your financial goals.

It’s vitally important to track and document how much money is coming in, and how much money is going out. You don’t want to be scrambling for a year’s worth of documents minutes before filing your return.

Throughout the year, compile all tax-related information in a “Taxes” file. If needed, create a spreadsheet or document with the monthly or annual due dates of each bill, and post it in a safe place you’ll see regularly. Be sure to separate older financial documents from those that are currently due. To better organize your bills and financial records, consider using an online service like, or you can simply use traditional file folders or stackable drawers. Tossing all of your receipts, records and bills into a giant pile increases the chances you’ll forget to pay them on time. Let’s get started: Step 1: Ditch the Shoebox MethodĪ shoebox – or any other box for that matter – was never intended to serve as a financial filing system. It’s time to boot up your computer and pull out those bills and bank statements. So are you ready to clean your financial house? Put away the mop and broom. Consumers with cluttered finances are more likely to miss payment deadlines, rack up fees, continue poor spending habits and save less. Disorganized bills and budgets are not only stressful, they can actually help drive you deeper into debt. The same goes for your personal finances. A messy, cluttered house can be stressful, overwhelming and even chaotic.

Organize my finances