![]() ![]() ![]() Step 3: Establish a Bill-Paying SystemĬreate a system to pay all of your bills, either online or offline. Click here for detailed instructions on how to create and utilize a monthly a budget. This will enable you to identify and adjust your monthly spending habits in order to meet your financial goals. It’s vitally important to track and document how much money is coming in, and how much money is going out. You don’t want to be scrambling for a year’s worth of documents minutes before filing your return. Throughout the year, compile all tax-related information in a “Taxes” file. If needed, create a spreadsheet or document with the monthly or annual due dates of each bill, and post it in a safe place you’ll see regularly. Be sure to separate older financial documents from those that are currently due. To better organize your bills and financial records, consider using an online service like, or you can simply use traditional file folders or stackable drawers. Tossing all of your receipts, records and bills into a giant pile increases the chances you’ll forget to pay them on time. Let’s get started: Step 1: Ditch the Shoebox MethodĪ shoebox – or any other box for that matter – was never intended to serve as a financial filing system. It’s time to boot up your computer and pull out those bills and bank statements. So are you ready to clean your financial house? Put away the mop and broom. Consumers with cluttered finances are more likely to miss payment deadlines, rack up fees, continue poor spending habits and save less. Disorganized bills and budgets are not only stressful, they can actually help drive you deeper into debt. The same goes for your personal finances. A messy, cluttered house can be stressful, overwhelming and even chaotic. ![]()
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