how to organize your bills filing system

It makes it smaller and more manageable so you aren’t trying to pay all your expenses out of one check. Or if you have a huge mortgage payment, split it up between checks. This helps a ton if you are frequently out of grocery money halfway through the month. Knowing exactly what bills to pay and when will keep you organized and on track with your finances.Ī budget calendar helps you do that but also a budget for each paycheck makes it clear how much you can spend for certain things. You need to know what bills to pay each paycheck or else it’s a free for all and you will overspend or not pay things when needed. Just a monthly budget never made any sense to me. I have been creating a budget by paycheck since I got my first job at 16 yrs old. Once you have all that information organized, then we will work on planning it out with a calendar. Once you have all of the bills together, I want you to list them out on one sheet so it’s easier to track the information while we sort them. Once you get everything together, then we will work on organizing the bills. This is the step can seem overwhelming, but if you focus on just one thing at a time, it can help. This is the most important step when wanting to manage your money better.ĭo NOT skip this step. So, I want you to print off your account statements so you can determine what bills you have, when they are due, and how much the bill is on average. The first thing to do when wanting to organize your bills is to gather them all up. Just Get Started! How to Organize Monthly Bills Pay your bills ahead to avoid late fees and overdrafts.You will know exactly how and when you can pay off your debt, (and much faster than you think). You can stop wishing you could go on vacation WITHOUT credit card debt. When you are organized and intentional with your plan and budget, you stop wondering how the heck you made that much money last year with nothing to show for it. Doing your taxes and thinking…where did all that money go.When you are unorganized, it’s so easy to spend mindlessly and not have a clue where your money went.īeing unorganized leads to thoughts like: Organizing your monthly bills is really the key to staying on top of your finances so you can reach your bigger goals, like saving money and paying off debt. Keeping your bills and budget organized is crucial if you want to stop overspending and over drafting your account.

How to organize your bills filing system