Organize Your Money

Organize Your Money



Organize Your Money
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 .​
Below are five quick ideas:
1 .​
Merge your credit cards .​
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.
2 .​
Employ a​ bill paying system .​
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.
3 .​
Organize your expenses,​ while you spend .​
As you spend,​ just record that outlay .​
This can be called your Expense Summary .​
a​ computer program like Quicken or​ a​ straightforward spreadsheet is​ great for this purpose,​ or​ you can do this with paper and pen.
4 .​
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 checkbook the​ same day your statement and canceled checks arrive back from the​ bank each month.
5 .​
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.




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