The lack of organisation can harm your
finances more than being short on cash. Hence, it is pertinent for you
to arrange or organise your finances to avoid any financial issues or
mess. So, how will you organise your financial life?
Jumia Travel shares 6 ways.
Use a financial software
Financial
software can help you keep track of your daily and household expenses.
Within the programs, you can get detailed information as to where your
money is actually going. Examples of financial software include Xero,
WorkingPoint Accounting software package and Quickbooks.
software can help you keep track of your daily and household expenses.
Within the programs, you can get detailed information as to where your
money is actually going. Examples of financial software include Xero,
WorkingPoint Accounting software package and Quickbooks.
Keep expenses in one place
Regardless
of how your bills are sent to you, you need to keep them in one place
so that you can easily access them. The easiest way to do this is to
file them in a folder. As for bills electronically sent to you, you can
print and file them.
of how your bills are sent to you, you need to keep them in one place
so that you can easily access them. The easiest way to do this is to
file them in a folder. As for bills electronically sent to you, you can
print and file them.
Pay bills the same day you receive them
If
you have enough money available in your bank account, endeavour to pay
bills as soon as they are sent to you. Do not delay your bill payments
as they can accumulate to become a burden.
you have enough money available in your bank account, endeavour to pay
bills as soon as they are sent to you. Do not delay your bill payments
as they can accumulate to become a burden.
Have a list of bills you are expecting
Create
a list at the beginning of the month of the bills you are expecting.
You can go further by creating phone alerts of when each bill will be
due for payment.
a list at the beginning of the month of the bills you are expecting.
You can go further by creating phone alerts of when each bill will be
due for payment.
Have two bank accounts
Use
one account for paying bills and the second one for your personal
spending. This way you can prevent yourself from accidentally spending
bill money for whatever reason.
one account for paying bills and the second one for your personal
spending. This way you can prevent yourself from accidentally spending
bill money for whatever reason.
Revise your budget several times a month
It
is essential for you to revise your budget because unexpected bills may
come in. In this case, you are left with no choice than to adjust other
expenses to make up for it. This will ensure that bills don’t pile up
to a point that you are overwhelmed and unable to settle the bills.
is essential for you to revise your budget because unexpected bills may
come in. In this case, you are left with no choice than to adjust other
expenses to make up for it. This will ensure that bills don’t pile up
to a point that you are overwhelmed and unable to settle the bills.
