There is nothing worse than trying to find your unpaid bills in a crumpled mass of paperwork or sorting through a year’s worth of receipts all at once. Us folks at Financial Help Edmonton want you to know that by following these 5 simple steps to better financial organization you are setting yourself up to be more financially healthy. Having your paperwork organized makes following a budget easier and doing your taxes a breeze, not to mention you’ll never lay awake at night wondering if you paid your last cable bill.
5 Easy Steps to Better Financial Organization
Step One: Decide on a method
Having bills, receipts and invoices scattered throughout the house is not entirely conducive to overall financial health. Paying your bills on time does require the ability to find them! So whether you have a home office or a nook in the kitchen for filing, decide on your ideal spot to keep all paperwork and devise a method of organization. How you choose to organize things is up to you, the crucial part is to stick to it! There is no point in purchasing fancy office organizers if you fail to put anything in them.
Step Two: How do you like to pay bills?
We all have different preferences when it comes to paying our bills, so how do you like to pay them? Online? As soon as you open the mail? Or do you wait until the last minute because you are still waiting for that pay check? Either way, take your bill payment style into consideration. If you schedule automatic payments online it won’t make sense for you to set up a bill filing system. However, if you do need to coordinate due dates with pay day we recommend setting up a filing system. The simplest way is to have two inboxes set up according to the dates you get paid, place the appropriate bills in each box and once they are paid file them away. How easy is that?