THE DEBT DESTROYER FOR 21ST CENTURY LIVING -Curb Your Debts Even If You Suck At Dealing With Money!
Foreword
Whether you're married or single, taking control of your total finances might seem like a part-time job. A few simple ideas may help you streamline your time, orchestrate your finances, and cut back the stress of debt and total money matters.
The Debt Destroyer For 21st Century Living
How To Curb Your Debts Even If You Suck At Dealing With Money
Chapter 1: Chapter 1:
Get All The Paper In Order
Synopsis
Once the mail makes it to you, make sure it goes all in one place. Forgotten bills may be the cause of unwanted late fees and could harm your credit rating. Whether it‟s a drawer, a specific box, or a file, be orderly and make sure others in the home do the same. The size of the container is crucial. If you receive a lot of mail, use an area that won‟t get filled up too quick.
Getting It In Order
Your bills show up every month whether you care for them to or not. Placing them in a pigeonhole someplace and dealing with them afterwards might lead you to blank out their due date. If this happens you end up being forced to pay a late charge.
If you're willing to become organized, you are able to achieve getting your bills paid promptly and never have to worry about obtaining a late charge. This may take a little bit of time to arrange, but only a couple of additional minutes per week to maintain.
Make certain you open up your bills. A lot of bills arrive with unnecessary inserts that simply take up room in the place where you stash away your bills. Take out any inserts and recycle them with the outer envelope right away. This keeps clutter from heaping up and taking your focus off of the bill itself. Now take the bill and place it under the fold of the return envelope.
You should then label four plastic bins so that each one makes up a calendar week of the month. You are able to easily label them "Week 1," "Week 2," "Week 3," and "Week 4." Now take your organized bills and find out the due date. If the due date is the10th of the month, the bill gets put into the week 2 bin. If the due date is the 22nd, the bill goes in the bin for week 3.
Carry this out with all of your bills and then lay the bins on top of each other in order. When week 1 comes around, take your bills out and send out the payments for them. Then place the bin on the bottom of the pile so that the week 2 bills are ready to go for you the following week.
Ultimately when your bills are paid off, you nevertheless have your financial statements to deal with. You need to keep them organized as well so that you are able to promptly find them if you need to.
Purchase a thirteen pocket file folder. Mark the beginning twelve pockets with the calendar months of the year. The final pocket may be marked "taxes." Put your monthly financial statements into the pocket for that particular month.
Once the year is all over, you are able to label the file folder with the year on the front and store it just in case you ever become one of the people who unfortunately gets audited.
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