Having a good monthly bill organizer is a simple way to keep on top of your finances. The average American household receives over a dozen different bills a month, ranging from utilities such as gas and electric to gym membership and cell phone bill. Combine this with bank statements, junk mail and personal correspondence and you can see how it can quickly get out of hand, so having somewhere to put all of your bills each month is a great start to getting your finances organized.
Unlike many schemes that claim to help you gain control of your finances, learning how to use a monthly bill organizer effectively is very simple. In one part of the book, you store any bills that come that you have not paid along with your checkbook. When you pay them, you make a note in the organizer and move the bill to either another part of the book or into your home filing system.
You can also use a monthly bill organizer to look at all of your expenses, not just the ones you pay on a monthly basis. For example, you could use it to store all of your receipts each month. Not only will this create space in your pocketbook, but you will also be able to see exactly where your money is being spent each month. This gives you an accurate overview of your spending habits as well as allowing you to make changes to your budget.
When you are looking to buy a monthly bill organizer, you have two main choices. You can buy or download a computer program that will help to sort it for you, or you can get a book that will help to keep all your records in one place. It is completely a matter of personal preference, but if you want a paper version, you should check out these companies first:
If you’re more technically minded, or don’t like the idea of dozens of bits of paper swimming around your office space, you should look at using your computer to help you keep track of your bills. Microsoft Excel is great if you know how to program the correct financial formulas, but if you do not, plenty of pre-made programs are available for you:
The best thing about both types of a monthly bill organizer is that they do not cost the earth. The paper versions come in at less than $20 and the computer versions are often free with premium upgrades. This means you can try out different systems to find the one that works best for you.