Organizing Bills

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It’s easy to feel overwhelmed when dealing with a pile of unpaid bills, especially if you’re unaware of which bills are most important. When you’re trying to manage a budget, organizing your bills is a priority. Taking the time to assess your bills reduces stress and helps you feel empowered to take control over your everyday finances, resulting in more savings.

  • Keep your pending bills together, in one designated area. As soon as your mail arrives, or at your designated mail sorting time, sort through the mail, separating your bills from all of your other mail. When done sorting, immediately place your bills in one place—an envelope, pocket folder, or “bills basket.” If you receive your bills electronically, consider printing them out so you can organize them. You can also create a folder on your computer where you keep all your bill statements.
  • Mark your bill due dates on a calendar. Once you receive a bill either by mail or email, write your bill-pay deadlines on your calendar. You can also add the dates to your e-calendar on your smartphone or computer. Take advantage of extra features, such as automatic reminders, if you’re using an e-calendar.
  • Designate regular days per month to pay your bills. It’s not usually necessary to pay your bills the moment you receive them. Designate a regular, recurring day to pay all your bills each month.
  • Pay your bills in one place, and keep all of your bill-paying supplies together. In order to speed up your bill paying efforts, always pay your bills in one place, whether your desk, the kitchen table, etc. Wherever it is, equip this area with your bills, checkbook, envelopes, stamps, pens, pencils, a calculator, tape, stapler, and return address labels. If you pay your bills online, organize all the links you need to pay your bills in one folder.
  • Condense your credit cards. Simplify your debt by getting rid of extra credit cards you don’t need. Try to eliminate all but one or two credit cards, for emergency use.

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