Most people would love to save money. However, many will tell you that they don’t know why they have so little money left at the end of the month. Many people now use the the convenience of automatic bill pay, debit cards and online bill pay and have no idea where, when or how much money is going out. In order to solve this problem you need to get your finances organized. Getting your finances organized is quite easy and doesn’t cost alot.
You’ve probably seen the expensive computer programs which are “guaranteed” to get your finances in order. Although these programs can be helpful they are costly. Why spend hundreds of dollars when you can manage your finances for almost nothing. What do you need in order to do this? Simply a pen and paper. Take out your last bank statement, write down your bills and when and how much each is. Also take a look at your other expenses such as food, clothing, and entertainment and write down how much you are spending on each category. This is the first step in getting your finances organized. If you prefer a more high tech method, you can create a spreadsheet on your computer to manage your expenses.
Another item people are prone to believe they need to buy are organizers. These range from 10 to 20 dollars. It is true that some kind of filing system is needed to keep track of bills as they come and when they get paid. However, you can make your own for next to nothing. An old three ring binder is a great way to to manage your bills and if you don’t have an old one lying around you can purchase one for two to three dollars. Place your bills in the three ring binder and mark when they are paid. Using this type of filing system works well and saves you alot of money over the expensive organizers you can purchase.
Organizing your finances is the first step in getting your financial house into shape. Once you have a better understanding of they money going out and when, you’ll be able to better identify if or where any financial problems lie. You’ll soon be on your way to a better financial future.