HOW I KEEP TRACK OF MY FINANCES
Instead of boring you guys with smart talk about finances, I’ll just keep it simple and jump straight into it. There is nothing I hate more than reading a blog post and having to skip through it until I reach the main points. For the purpose of this post, Ive attached pictures to use as examples to make it easier to understand.
How I keep track of my finances:
Switch to paperless and have all your credit accounts synced to ONE email. Therefore when you get an email of your monthly statements, you can screenshot or write it down and delete it so it doesn’t accumulate in your inbox.
SUBSCRIPTIONS. Have all your subscriptions in one credit card. That way it’s easy to keep track on what you’re subscribed to and easier to pay at the end of the month.
I don’t have anything in automatic payments. (This is my personal preference). I don’t want to have to remember if I have enough money in my bank account for when a payment goes through, on which days, and over drafting and ah I can’t. I rather have everything written down and taking time to distribute the money myself.
I keep track of my due dates. In my planner, I circle the days I get paid and then under that day I write my paycheck and subtract from there what I would have to pay. I only write the bills that are due before my next paycheck. If a bill can wait until my next paycheck, I place it on the next pay date. On the page oppositie to this, I have a detailed page of how much I owe on what credit cards. As I pay them, I erase the amount and write the new amount. That way it’s also easy to keep track if there is any activity on your account as in getting charged interest or fraud.
I have a document page in my laptop that has which credit cards start gaining interests in what months. That way I put those credit cards on priority and pay those of first. (If you want a blog post about tips on how to avoid gaining interest, leave a comment below and I’ll be more than happy to show you).
As soon as I swipe the card and head back to my car, I open my bank app and pay the card I just used. That way everything is always paid of. This only goes to the little purchase: coffee, lunch, dinner, etc.
I make time to pay all the bills. I sit down every day after depositing my check and I open my planner. I already have a list made of everything that needs to be paid.
Have a folder in you’re browser with all the credit cards you owe. That way you will always be aware of which cards have a balance.
ex. FOLDER - BILLS - Inside that folder -
-A folder for credit cards owed. As you can see I have 2 folders, one for Alfredo and one for me.
-A folder for payments other than credit cards as in car insurance, FPL, wireless, cable, and so on. As you can see I have these under PAY.
-Leave outside the cards with zero balance or place them in another folder that say no balance.
Hopefully my tips enlightened you and help you keep track of all those bills. If there is anything you would want to read: What credit card should I get?, How to avoid paying interest, things like this. Leave a comment below and I’ll be more than happy to write a post about it. Please leave a comment below and let me know if you liked this post and if it was helpful to you. Thank you so much for reading!