Organize Your Personal Finances for Success
Set up a filing system either hard copy or on your computer.
A hard copy file is easy to set up and stays at your fingertips for easy access. A basic filing cabinet costs about $30.00.
There are a lot of good software programs for keeping financial records and you don’t need an expensive one just for your personal needs. You do need to remember to back up this file.
Open your mail when it comes in. Put your unpaid bills in a designated spot so that when you are ready to pay them, they are all in one place.
Set a specific day and time for paying your bills and let nothing deter you from your appointed rounds.
Once every two weeks should be sufficient.
Balance your checkbook and do it often.
After every check written is not too often. It will prevent you from bouncing checks which is costly and unnecessary.
Banks charge up to $35.00 for a bounced check and businesses charge up to another $35.00 so that $20.00 check you wrote when you only had $19.95 in your account can cost you $90.00 and a lot of stress.
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