A place for everything and everything in it's place helps my busy life run much smoother and it saves money too!
Organize a binder that contains all your important papers including investment statements, insurance (life, health, homeowners, auto, etc.), credit card, bank accounts, etc.
When new statements arive, replace the old and shred. In the event of a fire, natural disaster just pickup the binder and GO! If there is an unexpected death, theft of a wallet, accident or other tragedy you'll have all policy numbers and phone numbers at your finger tips. This will hasten the payments due to you in your time of need and give you great piece of mind. Include copies of your prescriptions too!
Have your paycheck automatically deposited to your account if available through your employer. This way bills can get paid even if you are on vacation! No more late fees.
My girls do all their summer shopping in April and their back to school shopping in August. I do Christmas shopping in November. I also stock up on seasonal gifts for my secret pal, Sunday school teachers, accountability ladies, etc on these trips.
And the most important . . .
This may seem a bit compulsive to you but I didn't start all these lists at the same time. Select the ONE that will simplify your life and give it a shot! You'll be glad you did
By Diana from Prospect, KY
Do you have a frugal story to share with the ThriftyFun community? Submit your essay here: http://www.thriftyfun.com/post_myfrugallife.ldml
What are the 3 Free Credit reports names?
Editor's Note: Equifax, Experian, and Trans Union. Experian was formerly known as TRW.
you are an inspiration! i used to do the 3 ring binder thing as well but when i returned to school all of my organizational abilities focused on college. it really helped me though and i think i will dig it out again to get me back on track. thanks!
Diana, you've written a wonderful essay. I especially love your wish list - you gotta have a dream. Thank you for your inspiration.
I agree with your bill paying tips. I do, however, have one major credit card -- for emergencies, etc. -- that is free as long as we use it at least once a year. When I do use it, I pay the full amount on the very first bill.
One more suggestion: The auto bill pay is GREAT. The first one a person should do is have a set date for automatically withdrawing from your checking account and depositing in your savings account. This will help attain some wishes!
Wonderful suggestions, Diana! I found several I plan to implement starting with the binder.
Some of this is not good advice. Cancelling credit cards will affect your FICA score which can result in higher insurance premiums and in some cases higher interest rates when financing cars, etc. I use my credit card for a lot of things and pay off the balance IN FULL each month.
Therefore, I've never paid my bank interest and I've gotten money for points. Also, I can look at my statements and get a better idea of where my money is going. I'm not a big spender when it comes to unnecessary purchases and I don't pay more for an item just because I use a credit card like some would suggest. It takes disclipine when using credit cards and only becomes a problem when one lives beyond their means.
Have you never heard of Flylady? or Cozi. Cozi is a free calendar you can use on your computer or phone. It has menu ideas and running lists that are easy to use. Flylady has a Control Journal that can be downloaded and is also easy to use. Check them out, save paper and time, the formats are easy to use and very adaptable to specific needs. The works is already done for you.
Add your voice! Click below to comment. ThriftyFun is powered by your wisdom!