With all the things that we have to deal with every day, sometimes it can be hard to keep your bills and monthly payments organized and under control. It is easy to lose track and forget about a bill here and there which ends up costing you more money. Keeping organized can help prevent you from having to pay penalties and late fees.
There has to be a better way right? Well there are some things that you can do to make the task more organized and keep you in control of your finances each month. Take a look at my 5 ways to organize your bills and monthly payments to make life a little easier.
5 Ways to Organize your Monthly Bills:
1. Stick to your budget ad best as you can by keeping track of every dollar you spend. It may seem like a lot of work, but once you start it will become part of your normal routine. It also will keep you from over-drafting your account and being charged for it. Over-draft fees can start to add-up each month. Stop wasting your money on unnecessary bank charges and keep more of it in your pocket.
2. Many companies will allow you to receive your bills through email and even pay them online instead of receiving a paper bill each month. The problem is, most people have a few bills that come by email and others that come in the mail. This makes things more complicated. I would recommend choosing one or the other, but if that is not possible then make sure you keep track of which bills you receive in the mail and which you will be getting through an email. I would even take it a step farther and have a calendar with the dat you can be expecting them so that you can plan ahead and not miss paying by the deadline.
3. Have a set place for your bills. If you receive paper bills, use an accordion folder or other filing system to organize your bills by the due date. The key is to having a designated place in your home. This will help to prevent losing any of the bills and having to pay late payment fees. If you get your bills through email, set up a separate folder to keep the e-bills in with sub-folders labeled by due date.
4. If you have a lot of monthly payments to keep up with, a great way to keep them organized and paid on-time is by setting up a spreadsheet. It puts everything you need to know all in one place at your fingertips.
5. Consider paying for an app or online service that will keep track of everything for you. It may be worth the investment if it will save you money in the long run. You can also find a few online bill management service that are free, but many of them are on a trial basis only.
Use these 5 ways to organize your bills and monthly payments to help keep your finances on track. With a few simple changes, you can make things easier for yourself. You will save money on late fees or over-draft fees because you will be less likely to forget to pay a bill and you will be less stressed each month.
Please share some of your methods for organizing your monthly bills in the comments below!
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