You have seen the horrific sight of a kitchen table covered with an entire months worth of bills, receipts, and mail- what happened? By organizing your bills and life, you can stop this horrific sight before it starts.
How do you organize your bills? Here are a few simple tips:
1- GO THROUGH YOUR MAIL EVERYDAY. Don’t let mail pile up, just like your email, you need to open mail everyday. There may be things that need to be addressed right away and you don’t want to miss any deadlines!
2- PAY ALL OF YOUR BILLS AT THE SAME TIME. Make a specific time during the month to pay all of your bills in one sitting. The interest that you would make on paying bills right before they are due is not worth the stress of waiting. Doing it all at one time, will save lots of time because you will have out your checkbook, stamps, a pen, calculator, and the focus to get it all done in a timely manner. Giving you the peace of mind that all the bills are paid.
3- CONDENSE CREDIT CARDS. By simplifying bills, organizing your bills becomes significantly easier. Limit the number of credit cards you own to 2-3, whenever possible.
finance, mail, organizing bills, Organizing tips, Personal Finance
The 401 k plan allows the common worker begin savings investments for retirement without having to pay income taxes on that. Through your employer you can choose to defer ( allocate a portion ) money to varying mutual funds, stocks and bonds, even their own companies stock. Usually companies allow their workers to re-allocate funds at any time. Ask your employer what options they provide so that you’re able to substancialize the best 401 k plan for your family!
401 k tax, 401k plan, basic 401 k info
Estimate your spending patterns and trends- What do you think you spend? what things are most important that youshould you be spending? What are your needs? This is very important and will be key in understanding your spending patterns.
Account for your current budget - Account for every dollar you spend! Don’t go crazy with it but make sure you know what you are spending your money on!
Improve your budget to meet your goals.- Separate your wants, from the list. Create an ideal budget that allows you to use up to 30 % to pay off debts such as mortgage and other things such as credit cards.
Save 10% for yourself!- any success book will agree, setting aside ten percent is mandatory.
Maintain your budget and continue to improve!
how to budget money, personal finance tips, saving money