organize your bill paying

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Day Twenty Three: Organize Your Bill Paying

It’s safe to say that no one enjoys paying the bills, but having a solid system for tackling this task can take at least some of the sting out of it.

Here’s how to keep bills organized both before and after you pay them.

Sort and organize unpaid bills
Designate a box, basket, or folder specifically for bills. As soon as the mail comes (yes, I know - remember we have our big girl/boy panties on now), separate the bills from everything else and open them, throwing away the outer envelope and any inserts. (don't you just hate those nasty inserts anyway) Organize them in your designated spot until you’re ready to pay them.

Tip: Instead of keeping bills in an office file, use a letter rack. As you open mail, stash the bills in order of their due dates. This way, you’ll have a visual reminder that they’re waiting to be paid.

File paid bills in an accordion file
Label a 13-pocket accordion file with tabs for each month of the year. Reserve the last slot for the year’s tax return. As you pay your monthly bills, file them under the appropriate month. Add bank statements and credit card receipts. When you complete your tax return, drop that in, too.

Tip: To streamline your bill-paying process, find out whether your bank offers online banking and whether your utility and service companies offer online and automated payment option. Quick bill paying and no added paperwork and postage cost.

A Special Thank you to Professional Organization Expert Jodie Watson for her help on this Assignment.

Your Assignment for Day Twenty Three: 

Take a look at your system for bill paying and figure out if there is room for improvement.
Then watch expert Jodie Watson show you how to get organized for the new year...

Good Luck!