Handling your personal finances

You only need 15 minutes by day, these steps they are easy to follow:

  • Buy an Expanding File, A to Z  or with categories (income, bank statements, mortgage, etc)
  • Make a Calendar of payments: fixed payments have due days make a schedule with this information and place it in a visible place.
  • Make a folder labeled BILLS
  • Now the hard part: DAILY (definition: occurring or done each day) when you back to your house and open the mail and you  put your unpaid in that  folder
  • Designate 1 regular day per week to pay your bills
  • Wherever your payment method is (internet or by mail), keep your entire bill paying essentials together: pencils, a calculator, tape, a stapler, checkbook, envelopes, stamps, pens, etc.
  • Record your paid bills. You have to record your payment as soon as you pay each bill
  • Now you are going to use the Expanding File for storage paid bills. Before that, you have to mark your bills “paid”, write the date, and check number. Now you are ready to file each into the appropriate and categorized pocket i.e.: mortgage, rent, credit cards, and so on. (each item with a place and a place for each item)
  • Keep in this Expanding file a pocket for your checking account statements, and if is possibly, the cancelled checks, from your bank, when you reconcile your checking account you will staple this reconcile with the bank statement and keep it in order in the same pocket.
    In addition, you will have a pocket in this expanding file with the label: INCOME when you receive your payment tubs immediately place them in this designated pocket.
  • If you are using Quickbooks©  software for your records,  you will have for each month,  accurate information. This simple methodology  is going to help you, you know why? Because you were organized, take the papers from the pockets; introduce the information in the software,  “et voilá” ; you will have everything under control.
  • Taxes period: when tax season rolls around you will give to your accountant all these documents in order by month, by item, by creditor, etc; this means “SAVE MONEY”


…and at the end of the year



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