Tuesday, 22 October 2013

Is your paperwork piling up again? Here are some tips to help you stay in control of your personal files.

Sometimes, when we are struggling financially, even the most regular tasks can feel stressful. We’ve all experienced that feeling of frustration, staring at a pile of letters, bills and papers that need to be sorted and filed away. It can feel like agiant task, and often seems easier to stuff it all in a drawer and forget about it!

However, stashing your bills and papers away will just help them to turn into an even bigger pile, which will take longer to deal with in the long run. One of the most difficult aspects of struggling through financial difficulties is the feeling of not being in control of our own situation.

One way to take control and feel in charge is to get your paperwork in order. This simple task may be daunting to start with, but once you’re done you will feel great. You’ll know exactly what the situation is and understand every aspect of your situation.

By staying in control of our paperwork, we will find it much easier to stay in control of our finances. File away your bank statements on a regular basis. Keep a separate file for all the bills that still need to be paid, and file them in order of date so you have the most urgent bills at the top.Make sure you look at the file regularly, then as soon as you have paid a bill, take it out and file it.

This is a way of informing yourself, getting to grips with what is outstanding, what needs dealt with immediately, and what you can do to address each item. If you do this regularly, you will find it much easier to deal with bills on a regular basis, and you are less likely to be shocked by an unexpected demand for immediate payment. You will also be able to stay clear of falling behind with payments or defaulting on credit agreements which can seriously affect your credit record.

Often, after a long day at work, the last thing we want to do is spend time dealing with paperwork. However, if you get into the habit of spending an hour every week dealing with your mail and filing important letters and bills, you will never have to worry about unexpected bills or default payments ever again.

Stay informed, stay in control and stay a step ahead. Then, when you need to make decisions, apply for a short term loan or deal with a bill, you will know exactly what needs to be done and how to deal with it. And you will know where all your important papers are!


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