3 Tips for Organizing Your Finances A messy and cluttered home can cause feelings of stress and anxiety - the same applies to your finances. Disorganized financial management can cause more than just stress; it can also increase debt and make it impossible to achieve your financial goals. Fortunately, organizing your finances is not that difficult or time- consuming. Some simple planning will help you get your finances under control and improve your financial health. On that note, here are three tips for organizing your finances: 1. Track your expenses You must track how much money is coming in and out of your bank account each month. Monitor your expenses throughout the month and have a clear overview of your spending. Keep in mind that your utility bills may change. For example, your electricity bill may be higher one month and lower another. Review bills as they come in and revise your budget to make sure that you don’t accidentally go overdrawn. Constantly monitoring your expenses will also help you identify ways to reduce your spending and save more each month. Try to cut unessential expenses like takeouts, especially if you’re trying to build your savings. When you do make unessential purchases, then try to find other ways to save money. For instance, you can use an Old Navy coupon  to get money off clothes and accessories. 2. Create a bill-paying system Managing multiple bills can be stressful, but there are plenty of ways to make payments quicker and easier. Creating a bill-paying system will streamline the process and reduce the risk of you accidentally missing payments. Many banks offer you the option to set up automatic bill payment services where the money is taken from your account on a specific day every month.  If you prefer to manage bills yourself, then set aside a day or evening each month for bill paying. This will help you keep on top of your bills and ensure that you meet all payment deadlines. 3. Shred old financial documents Financial documents can quickly pile up and lead to large amounts of clutter. Shredding old financial records is an easy way to organize your finances and reduce mess. In most cases, credit card receipts can be shredded once you have checked that they match your monthly bank statement. Keep in mind that you must keep receipts if you need them for tax purposes. Most old tax returns and bank statements can also be shredded and disposed of. Another easy way to reduce the volume of financial documents you receive is by signing up for paperless bank statements. This is good for the environment and will help you keep paper clutter to a minimum. Make sure that all electronic financial records you receive are kept securely in one place where you can access them easily. Summary People with disorganized finance are more likely to miss debt repayments, adopt poor spending habits, and save less. With that in mind, it’s worth taking the time to organize your finances and learn good financial management. Use the above tips to get your finances under control and start working towards your financial goals.