If you haven't balanced your checkbook in awhile, lose your received bills before they're paid, or put off filing your tax returns because it's too complicated to get everything together, then it's most likely time to organize your money.
1. Rather than having a lot of different credit cards, consolidate
all of your expenses on one credit card. This can result in less
uncertainty over which card to use, it can give you a better
idea of how much debt you’re accumulating, it may give you
more back for your dollar, and you’ll only have to write out
one payment check per month.
As soon as you get bills in the mail, they should instantly be
placed into a bill paying system. Use that same bill paying
system to store paid bill summaries, being certain that every
category are in its own folder or envelope. Doing this makes
it very easy to look something up when needed.
Organize your expenses, while you spend. As you spend, just
record that outlay. This can be called your Expense Summary.
You can use one of the many online programs, programs for
a computer, tablet or mobile phone, or you can do this with
paper and pen.
Balance your checkbook monthly. In order for you to have an
idea of how much money is sitting in your checking account,
which checks have cleared, and any errors that you or your
bank may have made, you have to balance your checking
account. It doesn’t take that long if you balance your check-
book the same day your statement and canceled checks
arrive back from the bank each month.
Keep your tax-related stuff together. Before tax season, you’ll
start to receive tax related information from your job, your
bank, etc. Keep all of these tax-related papers in a labeled
file folder. This way, when you’re ready to do your taxes, you
won’t have to search for the papers you need.
Keepyourtax
together
Balanceyour
checkbook
Organizeyour
expenses
Employabill
payingsystem
Mergeyour
creditcards
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