As you move out on your own and realize that things, including the money in your pocket, won’t take care of themselves… it can be easy to let it all get jumbled about and just tell people its “your system.”
In reality being organized can save you lots of cash to keep your pockets full. The corner stone keeping your hard earned money in your hands is to get and stay organized.
Schedule Your Monthly Bills
The first and most important bills that you should worry about every month are the ones that keep the household running. These are, of course, the rent/mortgage and the multiple utilities. The difference between paying these on time and not can be the difference in having gas or water.. or even having a home to go to, or not. The real dent comes in the form of late payments. you can save hundreds every month just by paying these on time and not missing a payment. Here are a few suggestions on how to keep track of your monthly bills and when they should be paid:
* Many people today choose to use a computer calendar or billing program such as QuickBooks to pay bills and keep things on track. Missing payments or being late can cause substantial late fees and charges.
* Be computer literate. If you have an online banking system, make sure you know exactly how to use it! There’s no point in filling out payments online an forgetting to to the save or submit button and never actually making the payment.
* The seems lie common sense, but pay your taxes on time! If possible pay your taxes early to avoid late fees and the need for extensions!
* Independent contractors, such as work from home professionals, or anyone owning their home business, may want to file your taxes quarterly. That way the single large sum of taxes owed all at once doesn’t come back to haunt you.
File Your Bills
Every bill and receipt you have to keep should be kept in a safe place and organized so that you know exactly how to find it. There’s nothing more fun than sifting through paper bags of random receipts collected throughout the year.
* On a daily basis police your desk area of loose paper work, receipts, and bills that are lying around. Check them and file decide if they should be filed or shredded. Keeping a paper shredder is always the best way to discard any paperwork that you don’t want saved or kept.
* The best solution to loose files is the utilization portable file boxes. Make sure the file folders are individually marked. Doing that will help quickly ID ant paper or receipt that you need access to.
Consult With a Financial Service
You could be financially well off, or just starting out on your own, there are professional consultants that can help you organize your financial goals. You’ll have the opportunity of not only saving some money, but making a little too!
* If your current investments aren’t performing to their previously thought potential, an investment consultant could adjust your investments until you feel comfortable.
*If no current investments exist, an expert can hear out your financial situation and goals, ending with a personally created investment plan being the final result.
The Secret of Debt Consolidation
It’s possible to get control of all your debt by using the age old secret of debt consolidation. This combines all the debt out on the individual and brings it all under a single low payment, consolidating the debt.
* Get a finance company, bank or credit union to loan the money either with a personal loan or by using a car or piece of property as collateral for a secured loan.
Don’t forget there are consolidation companies that do debt consolidation every day for a living!
By staying organized, prioritizing your life, and your accounts, you gain more control over your money and your savings. Regular personal monitoring on your behalf added with a small bit of work will help you achieve the financial goals you’ve set for yourself and your family.