HOW TO ORGANIZE MONTHLY EXPENSES (BILLS, RECEIPTS & MORE!)

There are so many different things to keep track of – bills, bank statements, recipes, loans, payments, and the list goes on and on! In this blog post, I will provide you with some of my best tips on how to best manage your monthly expenses and get those bills and receipts organized.

Organizing your monthly expenses is key to tracking your spending and creating a plan for your finances that fits within your budget.

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.

4 WAYS TO ORGANIZE HOUSEHOLD PAPER BILLS & RECEIPTS

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.

ACCORDION FOLDER Switching gears to a much simpler method of organization that is portable and able to be placed in your home office or moved to wherever is most convenient when it comes to sorting and paying these bills.