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If you’re trying to get your finances under control and you want to be the boss of your money, it can be a very daunting task. There is so much to consider and get organized. The day that I finally sat down to organize my finances, I wasn’t sure if I was even doing it right. I remember buying monthly tabs and adding my bank statements, but I knew that I had to be more organized than just that. Over the next few months, I developed a system that worked for our family. We now have a family Budget Binder (we call it our Finance Binder) where we keep all our login information, bill spreadsheets, budgets, and more. I thought today I’d walk you through our binder that we’ve had for 5 years to help inspire you that yes, it is possible to be organized in your finances! Oh, and you can order these printables on my Etsy shop (and the bundle is under $10).
Logins and Passwords
When you open up your finances binder, the first thing you want is a list of your login information and passwords. There’s no way that I can possibly memorize all my login and passwords! This helps me never have to click “forgot password” when I’m trying to pay a bill.
Track your debt by listing out every debt you have. Don’t forget your student loans, car loans, credit cards, and bank loans. As you payoff a loan, you can cross it off your debt tracker. If you wish to keep track of your debt payoff, then you can even include your debt thermometer in this section Sign up for my Budgeting Basics Email Course to get your deb thermometer. It’s all free!
Just like it’s important to set health and career goals in life, it’s equally important to set financial goals. Write down your money goals monthly and yearly to increase the likelihood of actually meeting your goals! To read more about setting and reaching financial goals, click HERE.
Directly after my financial goals, I have monthly dividers to help keep the rest of my binder organized. Need to order some super quick? I recommend these dividers. If you prefer to track your expenses by hand, place your checking and savings account ledgers behind each month’s tab. Your goal is to know where every penny is going. Tracking your spending and savings helps you know exactly how much money you have at all times.
I like to keep our budget behind the monthly tabs. It’s easy to find throughout the month in case any changes need to be made. Making (and trying your very best to stick to) a budget each month is going to be your number one way to save money each month. Don’t overlook it! If you need to learn exactly how to budget click HERE for a step-by-step guide. If you need to learn how to stop hating your budget, click HERE.
Bill Payment Log
To ensure that you won’t miss a bill payment, always write down your monthly bills, the amount due, when you pay it, and the confirmation number. You’ll have peace of mind knowing that you don’t owe anyone money. Behind budgeting, this is the most important organizational tool!
I have a love-hate relationship with checking in at the end of every month to see how our family fared financially. I love it when our month was on point and we made good decisions that will benefit us in the long run. Yet I hate it when I know that we spent too much and lived frivolously. No matter how your month was, it’s always best to reflect on your finances. Make time to celebrate what you did right and note any areas that need improvement. Then, set a few goals for the upcoming month! The most successful people are those who are intentional!
Medical Expense Tracker
There have been years in our family when we spend what feels like a ton of money on medical expenses. Likewise, there have been years when we barely spend any money at all on medical bills. It’s always smart to keep track of what you are spending because you might be able to get a tax break if the total amount you pay is more than a percentage of your take-home pay.
You only have to make your finances binder once. Simply print the bundle as often as you need and keep filling your binder in. The feeling of knowing that all your finances are in one place will relieve stress that you didn’t even know you had. It’s time to finally get organized with your finances. To download the Budget Binder Bundle, click HERE.