I will start off by saying the hubby and I are not millionaires by any means, in fact we get by week to week, paycheck to paycheck. We were never the type to be able to pay cash for our home, my vehicle, any of that. In fact neither of us grew up in a wealthy family, yes our needs were always met, but there was never money for college or financial advice really given. My parents struggled to provide for us and so did his family.
When we got married we weren’t very smart with our money, in fact we made a HUGE mistake and decided to “consolidate our debt” with a loan… a loan we ended up paying almost 100% interest on after it was said and done. Horrible experience and a very hard lesson for us both.
When we paid that loan off we decided to get our finances in order, while we may not be able to pay everything or anything off at once, we needed to pay our bills on time. I am okay with being broke for the week when I know my light bill and mortgage are paid, it’s a lot easier to be broke when you know you have a roof over your head.
So how do we keep our bills organized? We’ve tried many different methods throughout our marriage and the calendar method is by far the easiest and most organized for us! In fact this method helps us see how our finances will be week to week, being able to see our pay days and due dates on the bills helps keep us organized and to know when we will have a little extra and when we will need to put some up for the next week.
Also see: How to Organize a Coupon Binder
How it works :
At the beginning of every month I take all our bills and write them out in the calendar including due date and the amount due.
Every time a bill is paid we highlight it to show that it’s been taken care of.
I keep all our bills, envelopes, stamps, etc. in the calendar so everything is there when we need it.
Does this help us pay OFF our debt? It could, but frankly, we can’t afford that. We can afford to get by week to week and pay our bills as they come due. Keeping due dates and income organized with the calendar helps to see what we are looking at for each month.
How do you organize, is there a method you’ve found that works best for your family?
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