Can you use some tips on how to organize your bills in one afternoon? I used to do Private Banking for clients at a bank in Salt Lake City, Utah about 20 years ago. I also did mortgages for those same clients when I opened my own mortgage company for another 15 years. I had some clients who were organized with their “financial stuff” and more that were unorganized. The reason I want to explain why I am doing today’s post is because I have found over the years more people need help organizing their financial stuff than they realize. Of course, some people could care less to organize anything. That’s okay we are all different. I sometimes wonder why I am such an organized freak…….is it because I am left handed? I have to laugh, I really don’t know why I love to organize everything!
How To Organize Your Bills:
Please picture this….because I was a banker and mortgage broker I would need to ask my clients for tax returns, pay stubs, bank statements and investment statements (for any loans or lines of credit). I soon learned the clients that were organized and those who were not. We are all so different in how we prioritize things. I would always give my clients hard cardboard folders filled with their tax returns and W-2’s, 1098’s and 1099’s before returning the items to them. Most would smile and thank me for “organizing” their stuff.
I think my brain never stops thinking up “projects”…….just saying. So then I started making sets of the following folders for all my clients when I did a loan for them. Then I started giving the sets as a gift to family members and friends. These are some folders I like to use: Smead Fastener File Folder, 2 Fasteners, Reinforced 1/3-Cut Tab, Letter Size, Manila, 50 Per Box (14537) I prefer the multi-colored folders so I can quickly find the one I want. I just use mailing labels like these: 1 X 30 UP Avery 5160 5260 5520 5810 5960 Compatible Sticker Labels – 100 Sheets
Here is the list I use in alphabetical order:
INSURANCE-HEALTH & LIFE
PROPERTY TAX INFO
RECEIPTS-DISPOSABLE: These are what I use for receipts: Smead File Pocket, Straight-Cut Tab, 3-1/2″ Expansion, Letter Size, Assorted Colors, 5 per Pack (73892)
RECEIPTS-LARGE ITEMS: Here is another option for filing receipts: Smead Hanging Pocket with Full-Height Gusset, 3-1/2″ Expansion, Letter Size, Assorted Colors, 4 per Pack (64291)
TAX DEDUCTIBLE RECEIPTS
TAX RETURNS 2015
TAX RETURNS 2016
TAX RETURNS 2017
TAX RETURNS 2018
TAX RETURNS 2019
Here is my famous two hole punch I use for filing my stuff:
If you order one of these and get some folders and use some mailing labels affixed to your folders you will be ready in one afternoon with all your financial information in one place. Yay! Swingline Comfort Handle 2-Hole Punch, 50% Easier, 1/4″ Hole Size, 28 Sheets (A7074050)
It may seem overwhelming if you have never used a filing system before. Trust me on this one, you will love it when you get this system set in place. You will know where everything is in minutes. Yes, you can organize your bills in one afternoon, I promise.