Tracking your expenses in order to create an accurate budget can be overwhelming but if you take the process one step at a time, then you can conquer any amount of clutter.
STEP 1: SORT AND CATEGORIZE The first part of decluttering your bills and receipts is to create specific categories for each expense and sort them into their respective piles.
STEP 2: LIST THE EXPENSES This next step relies on getting an accurate representation of all of your monthly expenses. You will want to get started with a helpful life and budget planner, or other similar way to write down all of the spending you are doing each month.
STEP 3: CUT OUT THE UNNECESSARY Since you have all of your monthly expenses visualized into your tracking template, you can clearly see where all of your money for the month is going.
STEP 4: BUILD YOUR BUDGET In this phase, since you have gone through, organized, and cut out unnecessary expenses from your monthly spending, it is time to build a budget that works for you.
FILING CABINET Some of us have a filing cabinet in a back room somewhere that is never used nowadays, but this is the perfect opportunity to utilize this to help keep all of your financial documents organized.