7 Ways to Help You Organize Your Financial Life Physically & Electronically

Having an organized financial life does wonders to your budget and savings.  This also makes your financial goals much easier to achieve.  Do you want to be debt-free?  Build your dream home?  Begin with organizing your finances.

Well, it sounds easy but let’s admit it, that’s a huge commitment and a tedious task to keep up with.  But with the help of these easy-to-follow ways, you can stay organized and always on top with our finances.

1. Have a designated place to do all your financial tasks.

You don’t really need a home office.  It may be in a small area in your kitchen counter, or the foyer or a table on your bedroom.  What’s important is that you have a location designated for paying your bills, creating your household budget, as well as one place to store all your bills, statements, planners, etc.  Having one filing system that works will organize all your important financial documents and most importantly,  prevent having unpaid bills thrown before paying them.

2. Schedule bill-paying time.

Set a regular time for paying bills and list it down on your calendar.  By creating this habit, you will limit the chances of likely forgetting or missing a due date.

3. Make your payments and savings automatic.

Another helpful option is automating your payments and savings.  If you automate consistent payments and set up automatic transfers to your savings account, you won’t have to worry about late payments or spending the money that you should be setting aside.

4. Create a list.

What’s an organized financial life without a list?  Whether it’s your budget, savings, debts or monthly financial reminders, having a list is very important if you want everything to be organized.  These lists will display your financial goals, your spending habits and the flow of your money.

5. Use spending trackers.

Knowing where your money goes is the key to managing your finances.  To help you track your expenses easily and more effectively, use spending trackers that you can download for free on your smartphone or tablet.  Through this, you will have a clear understanding of your financial habits and make necessary adjustments if needed.

Top 3 Spending Tracker Apps to Help You Manage Your Finances Successfully

6. Make use of technology to create and monitor your budget.

We all know the importance of having a budget in achieving financial freedom.  Besides using paper and pen, there is also a variety of budgeting apps that you can download on your devices or templates and sample spreadsheets that you can download on your computer.

7.Organize your online accounts.

Speaking of using tech, your digital life can also add more chaos to your “already unorganized financial life.”  Make a list of all your online accounts (shopping, bank, club memberships, etc.) and keep it in a notebook or secure password vault like Last Pass. This way,  you can avoid forgetting your usernames and passwords which is a hassle in case your accounts get locked out.


Leave a Reply