Want to have all your dollars and cents organized?
Organizing money is just like organizing any other object or item.
In this post I’m talking money…and offering a few different ways as to how to organize it.
Don’t ignore your money.
It’s hard to organize money, especially when it’s not in front of you and you have no idea where it is, how it’s being spent, or how much you have of it at any given point in time. That’s an awfully tall organizing job, isn’t it? You can’t organize your money if you’re ignoring it; and it certainly it doesn’t matter how much or little money you have. Bottom line: you must keep an eye on it! Get into the habit of reviewing your financial materials to help keep things under control.
Make a budget.
Budgeting is a great way to organize your money. You take a look at your income and set aside a certain amount of money for specific expenses. You then only spend your money in those particular areas you’ve designated. You can make a budget for absolutely anything, from a household budget, to vacation budget, to savings budget, to holiday budget, and so on.
Create files for your bills, invoices, statements, and tax documents.
It can be difficult to organize your money when you don’t have centralized records of financial documents. It’s never too late to create hardcopy files, though nowadays a lot of bills, invoices and statements are available online or in electronic format. Whether you decide to print out hard copies for your records or keep items in electronic files, just be sure to store your records in a secure location and/or back them up on a regular basis. Start here if you need some help setting up files.
Clean out your wallet.
When’s the last time you cleaned out your wallet? There could be a lot of useful and informational materials in your wallet, not to mention, checks, vouchers, gift cards or cold hard cash that you’ve completely forgotten about or ignored. While you’re at it, you might want think about organizing money in your wallet, including the optimal amount of change to carry around for easier transactions.
Declutter on a regular basis.
Your clutter may be losing you money and you may not even realize it! Clutter has a nasty habit of hiding things, from bills, paychecks, invoices, statements to cash. If you’re feeling a little light in the pockets, you may want to tackle clutter in your home to help you straighten things out on the finance front. You never know what you might find during your decluttering sessions
How about you? How do you organize your money? Or is it not something you have ever considered organizing? Join in the conversation and leave a comment below!