Monday, 13 May 2013

Don’t let your money control you! Some tips on how to stay in charge and make your money work for you.

Taking care of the tiresome task of dealing with mail, bills and paperwork is something we would all rather forget about. I’m certain we all have a pile of paperwork that needs to be filed or dealt with, in a drawer or sitting on our desks.

Don’t ignore it! That pile of paper will just get bigger and it represents your financial well-being. Would you ignore a pile of twenty pound notes if they started to stack up on your desk? Ignoring your financial admin tasks is almost the same.

So many people leave their paper work until the last minute, when a bill is due or there is a financial emergency, then they are panicked trying to find what they’re looking for. If this sounds like you, here are some helpful tips to help you break the cycle.

Putting your financial papers in order will immediately give you control back over your own finances. The process of sorting and filing your paperwork will give you a clear view of your income and expenditure. You’ll know exactly what bills need dealt with and you will find it much easier to break things down into manageable tasks.

Make good use of your PC or laptop; you can create yourself simple spread sheets for weekly budgets or record your monthly income and expenditure. They are the simplest way for you to record and keep track of your money. Keep your bank statements carefully and in order, and any correspondence from banks or financial institutions should also be filed in date order so you can easily find them should you need them.

Once you’ve got your paperwork tidied and filed, keep it up! The biggest change you’ll experience is the sense of being in control. Then, if a financial emergency doe crop up and you find yourself in need of emergency cash, you’ll know exactly where your financial documents are. If you need to find particular papers, bills or need to know exactly what your monthly commitments are, you will be in a position to know the answer quickly, simply and with no stressful rifling through piles of paper!


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