Posts Tagged ‘How to Be Financially Organized’

Are You Financially Organized?

Wednesday, June 8, 2016 posted by Martin
Success Motivational Stones

Success Engraved Stones

Many of us are organized, some better than others.  However, what does it mean to be financially organized?  If you know the answer, you get 5 engraved river stones.  If not, it will be worth your time to read this blog.

To begin with, have online access to your banks, insurance policies, credit cards and investments.  Have different passwords for each.  Stay away from easy to guess passwords and use something like *8Mju&765.  Write down your passwords and keep them printed in a secret place.  Also, read your statements and transactions carefully.  Don’t just file them away.  If there is something you don’t understand, ask questions. Also, keep a running list of your valuable assets. This includes government bonds. jewelry and such.

Next, treat your credit cards as though they are cash.  Don’t spend what you don’t have.   Make a household budget by looking at last year’s expenses and stick to the budget.  This includes pocket cash as well as checks you wrote and charges.  On April 15 next year, you will have to settle up with the IRS.  Track your income and deductible expenses as you go.  Don’t wait until tax time.

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