Usually, the biggest complications that keep things disorganized financially arise from not doing a few simple things. So here are six things you can do to start simplifying how you approach managing your money and learn to more easily keep it under control:
Track Your Spending
Start writing down every penny you spend for 30 days. Once you do that you start getting the feel for what you’re spending on everything, then you can begin a monthly budget. It may seem a little difficult to manage at first, but it gets much easier the more you do it. it saves you a lot of time and money in the long run.
If You’re Married, Combine Your Finances
If you’re married, there shouldn’t be “His/her” money or “His/her” bills. All of it belongs to both of you. Doing that fosters good communication and, along with a budget agreed on by both of you, will eliminate money fights.
Make a “Bills” Calendar
If you have trouble staying organized with paying bills, make a “bills” calendar showing when each bill is due. Review it once a week and pay the bills due for that week.
Build an Emergency Fund
When you have money set aside for emergencies, you’re not tempted to go into credit card or other debt to deal with it. If you are already prepared when emergencies comes, you won’t have to spend months or years paying it off.
Goes along with doing a monthly budget. This simplifies your money because you have set a monthly budget, so you don’t end up spending more than you make.
Sell Your Crap
If you never, or rarely ever use junk, then sell it, donate it, or give it to someone that can use it. Those things don’t add value to your life and don’t bring you any joy. So get rid of the junk and pass it along to someone that can enjoy it.