You cannot get away from the fact that you will always have bills. How you handle them, organize them and eliminate them, makes all the difference in having a strong, debt free lifestyle. Yet the majority of people do not have a system set up as to how they organize, attempt to understand and pay their bills when they are due. Many people will simply take their weekly paycheck and go from place to place to pay their bills.
For some, using a monthly bill organizer seems out of the question to them as they actually live paycheck to paycheck and dole out cash without any money management organization.
Everyone has their own technique when it comes to paying their bills. I see people that still do not have a checking account and they have to either buy money orders, send payment through a money wire service, or pay with cash. With all of the modern technology, it amazes me the number of people that do not have computer access that they could even do payments online.
Besides struggling with monthly bill paying, people do not take the time to know where their money is going. Keeping a simple notepad, or keeping it recorded in your phone as to every penny that you spend on a daily basis, can put you on the right track and give you a better understanding of your monthly bills and where your money is actually being spent. I’m talking recording everything. Anytime you give money in exchange for an item even if it is a $1.00, then write it down.
Keep all your bills together in one place. Keep track of all the ones that you will have to actually pay by check, or cash, and then the ones that are automated.
Now a days companies are going paperless and having people pay online or through some sort of automatic withdrawal system. With this people tend to forget when a payment is due or when it is going to hit their account. Unfortunately when that happens and there isn’t enough money in your account to cover the bill then you get hit with all of those nasty overdraft or late fees hitting your account.
The best way to keep track with your own personal monthly bill organizer system, is to keep it simple and make it work for your needs.
Set up a regular day or days when you can sit down and review your bills and pay out what is required.
You can find different online help, accessories and virtual filing cabinets where you can organize and store your bills, financial statements and documents.
You can set up payments and link to your creditors to have your bills directly paid from your account. Schedule payments and receive reminders. Structure it to work for all of your household billing issues, and financial records. NO more late payments, no lost statements, no late fees.
Here are a couple of online places to check out for your specific automated needs:
Of course if you do not have computer access, and have no desire to keep track of your bills on the computer, you can simply use an actual hand monthly bill organizer system that you can spread out on the kitchen table and get organized to your exact specifications and needs. This system has work for many many years, and yes millions of people still use it in today’s world.
My grandmother would tell me how years ago, people would have actual paper envelopes marked accordingly such as rent, light bill, gas bill, food, emergencies, doctor bills, and whatever miscellaneous items they had to pay or attempting to save for a big ticket item. Yes, they had no cell phone bills, no cable, no high speed, no online bills to pay and no credit card debt.
So decide what will work best for you, get organized and get your system setup. The hardest part is getting started
Never stop learning…Angela