Organize Payment Notice For Free

While you should do your best to pay your bills on time every month, sometimes, like now, that isn't always possible. If you find yourself in a tight spot financially, you may have to make hard financial decisions about where to channel your available resources.

How would you like to organize your important papers and bills? You can organize every category by first using a name tag in alphabetical order and secondly by date. But you can also create separate folders for banks, insurances, taxes, income, and so on.

Ideally, you'd pay the full balance due on all your bills every billing cycle, even on the credit cards and other accounts that allow you to carry a monthly balance. This may not always be possible.

Making payments any day before the due date avoids late fees and penalties. To improve your credit score, try making payments before the statement closing date, and to help out with tight budgets, move your due date and payment date to accommodate your cash flow.

Reorder and Recycle Stop searching high and low for papers and receipts. Instead, an effective way of organizing important documents is to use a lidded file box. Stackable plastic bins are also an option for keeping paperwork in order. Designate an hour each month to sort through the containers to stay organized.

For bills that are the exact same amount every month ? like a mortgage or student loan payment ? consider setting up an automatic monthly payment. Just make sure that you have the right amount in your bank account on the day the payment is scheduled.

Reviewing and paying bills on a weekly basis sets up good financial habits and, ?makes room for future and further investments,? says financial and tax advisor, Adam Ng, founder and CEO of Trusted.

7 ways to organize small business expenses Open a business bank account. ... Use a spreadsheet to record transactions. ... Categorize your expenses by how often they occur. ... Choose (and stick to) an accounting method. ... Keep (and digitize) your receipts and records. ... Use accounting software to avoid missing expenses.