Although I had just about the messiest room known to man when I was a child/teenager/two days ago, I truly enjoy cleaning one thing : paperwork.
I spent half a day organizing BF’s paperwork from the past 10 years into a nice file holder for him, and most recently took my own financial papers, bought a cheap file organizer and put my own paperwork into it. I am not quite sure why it brings me such joy to create labels, organize things by date, etc., but it really does feel good. Not to mention the Queen of PF (Gail Vaz-Oxlade) wrote in a Money Sense article that people in debt are often messy with money, and that one needs to clean up his/her paperwork, bank accounts, etc, in order to properly control the flow of money. She say’s,
“The key to being organized is ensuring that everything has a place. Get all your paperwork together and create a file folder for each of your bank accounts, forms of credit, home, insurance, estate and taxes. Set them up in a drawer or box.”
So I did just that. It’s all in a bright pink (yes I am THAT girl) folder, neatly labelled. I will be switching to paperless bills for my cell phone and potentially my bank loan eventually, but I still plan on keeping my taxes and other such important paperwork in there. If you have not organized your financial statements, I definitely suggest you do! It feels so much better that now if there is a paper I need to find, I can actually find it, it’s not just floating around the house somewhere.
P.S. I’m also in the middle of creating my own budgeting worksheet. When I do my month-end budget update I will be using this; although I feel that it will likely take a few months to work out the kinks completely.
How do you organize your financial statements/budget?