4/30/2023 0 Comments List of bills to pay monthlyThe most important thing is choosing something that you can stick with. There is no one right way to keep track of your bills and when you pay them. 5 Tools to keep track of bills and payments So, for example, you can plan for one paycheck to pay for specific bills while the next covers the rest. If you’re not–and even if you are–a great budget to use is a paycheck budget.Ī paycheck budget helps you plan for all of the bills and expenses that fall within that pay period. Hopefully, you’re budgeting so that you know where your money is going. Once they’re paid, move them to a “paid” pile until it’s time to shred them. Not quite ready to switch to digital? If you plan to continue getting paper bills, have a specific place to store unpaid paper bills. If you decide to take your organization even further, you can set up an email address just for your bills so that you don’t have to worry about them getting lost among other emails. Another option is to save them in a cloud storage app like Dropbox or Google Drive. Once you’ve paid them, you can move them to a ‘Paid’ folder in your inbox or delete them. You’ll also help the environment!īut don’t let your email inbox fill up! Stay organized by creating a bill folder for digital bills that come via email. This means that you’ll have fewer paper bills and a lot less clutter in your home. One way to stay organized is to switch to digital versions of your bills. If everything is all over the place, it’ll be impossible to keep track of bills and payments. If you’re not able to find it, contact your bank for help. This option should be available in your online account. You can also set up autopay using your bank. If so, account for those fees in your budget as well. However, be sure to check to see if there are additional fees for this service. Most service providers offer this as an option. This ensures that they’re always paid on time. If you feel comfortable, put your bills on auto payment so that you don’t have to think about paying them. The most failproof way to pay your bills on time is to use automatic payments or autopay. In fact, if you have an iPhone, you can use the free Reminders app to schedule reminder notifications. You can still set up bill pay reminders using apps on your phone. This way, you don’t forget to pay them.ĭon’t worry if you’re not using a digital calendar. All you have to do is add reminders to the bill events on your calendar. Setting a reminder to pay your bills works best if you’re already using a digital calendar. You can simply create calendar events for each bill on the date that they’re due. This is a good option if you “live by a planner” and will visit it often.Īnother way to do this is with a digital calendar. You can use a paper planner to write down when each bill is due every month and the amount. One way to keep track of bills and payments is to add a reminder to your calendar. You can also pull three of your most recent bank statements to see which bills you have been paying. Here are some examples of bills to list out to help get you started. You don’t want to forget those bills that come once a year and often aren’t on your radar, so plan ahead. Remember that some bills are yearly or irregular. For example, your $150 cell phone bill may be due on the 15th of each month. Write down how much they are and when they are due. Take a moment to list all of your recurring bills. This means that you need a list of bills to pay each month or year. Keeping track of your bills and payments begins by knowing what bills you have. Here’s how: Create a list of bills to pay You’re probably wondering how to keep track of bills you have so that you can pay them on time. If you’re confused about whether something is a need or a want, simply ask yourself, “Could I live without this?” If the answer is yes, that’s probably a want.How to get organized to keep track of bills and payments It simply means being more conscious about your money by finding areas in your budget where you’re needlessly overspending. And if you discover that you’re spending too much on your wants, it’s worth thinking about which of those you could cut back on.Īs a side note, following the 50/30/20 rule doesn’t mean not being able to enjoy your life. Using the same example as above, if your monthly after-tax income is €2000, you can spend €600 for your wants. Entertainment subscriptions (Netflix, HBO, Amazon Prime).Wants are defined as non-essential expenses-things that you choose to spend your money on, although you could live without them if you had to. With 50% of your after-tax income taking care of your most basic needs, 30% of your after-tax income can be used to cover your wants.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |