Techno Trend Tracker

Have you experienced missing due dates for your monthly expenses?. If so here are some tips how to organize bills and files properly.

1.  Open the bills as they arrive. I have this tendency before of not opening the bank statements and bills. So end result, delayed payments. But now as I open the envelopes I write the payment outside it. Logging it on the calendar is also helpful, then put all the bills on a bill holder, it may be a tray or a bin.
2. Use an “In” box. Track your expenses by placing paid bills, receipts, or non-receipt cash payment in an in box before filing them. Set a time and day to record these expenses in a notebook or in a spread sheet in your computer.
3. Find Space and Time. To prevent misplacing your bills, find a space for them together with other materials you need like pens, papers, calculator and checkbook. “See when bills are due, budget them, and pay your bills on time”. When you designate a day each month to pay for your bills, you avoid making several trips to the payment centers.
4. Record your paid bills. After paying your bills, record them immediately before filing them separately. This enables you to accurately track all your expenses. As with your non receipt expenses, you can also record your bills in a notebook or spreadsheet.
5. File Away. You may use white envelopes and label them on a monthly basis. You may also clip the receipts according to their category such as meals, clothing gas, and groceries. Another way is to keep a separate envelope for receipts that we can use for insurance and long-term file such as medical payments and mortgage.
6. Finally keep your records. Organize files by category and label each separator on the accordion file. You may categorize them as fixed expenses which include rent, tuition, mortgage and loans.

It is so easy right. Why won’t you try it?. Because I did and it works.