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Simple Household Bookkeeping System

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Keeping track of household expenditures does not need to be a complex process. This is a guide about simple household bookkeeping system.
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By 6 found this helpful
February 5, 2009

I keep every receipt (utilities, grocery, medical, etc.) in a plain legal sized envelop labeled for the month (Example: Jan 09) until the end of the year. I keep them in a drawer with my bank statements.

At the end of the year, you will have 12 legal envelopes the same size as your 12 bank statements. I bundle them with rubber bands. I begin a new check register each January 1, and stop with Dec. 31. I put the check register with the bundled envelopes.

At the end of the year I store them in plastic totes. On the envelope I will write whether there are important receipts for items which could possibly need to be exchanged like a new appliance.

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I have done this for over 20 years.

By Jeanne from Elysian Fields, TX

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By barbara (Guest Post)
February 5, 20091 found this helpful

I do the same thing, I have receipts from years past. My daughter laughs at me but if I need one a few months down the road I just go to that year and month and it's usually there.

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By Diane (Guest Post)
February 6, 20091 found this helpful

AWESOME IDEA!! I have tried for so long to organize and this looks like the perfect solution for me. Thank you, Thank you, Thank you.

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By Tonia (Guest Post)
February 6, 20091 found this helpful

This is a brilliant idea. So easy and organized and I never thought of it. Thanks so much for such a simple, inexpensive solution!

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February 6, 20091 found this helpful

I do something similar, but only for the last 2 years, and once long ago for some months.

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I can't stress enough how useful this is on so many levels.
Bravo for your 20 years of self discipline. You can track any number of things, even coding type of purchases if you want.
Really keeps you honest with yourself when you are getting off track, but also supports you against self criticism if you can see you did the best possible with what you had during a given time.

Reply Was this helpful? 1
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