Scan Important Documents
For additional safe-keeping of sensitive physical documents, create electronic backups by scanning certain critical documents like wills, birth certificates or car titles, either on your own scanner or at the local copy/print shop.
Pay Your Bills Online
To further reduce paperwork, consider setting up automatic electronic payments from your bank account. When it comes to things like rent or mortgage payments, or any bills which tend to be in regular amounts, paying online or with your smartphone can not only save you the hassle of dealing with checkbooks and stamps, but it helps keep your payments consistent and timely. Just make sure you tell your creditor to email you a receipt, or post one on your account details page.
Once you have a system in place, it gets much easier to stay on top of your finances and the records of those finances, and to make any necessary adjustments to your budget as the need arises or as your situation evolves.
Plus, there’s a bonus: You might even get a better credit rating and a fatter savings account out of the deal, too.
Getting organized is an important step in getting on top of your finances, but so is getting educated. Check out MainStreet's 10 Things You Might Not Know About Your Money and get started!