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One of the best things you can do for your finances is to sit down and organize and plan them. I know that this doesn’t come naturally to some people, that it can seem super overwhelming and you don’t even know where to start. But don’t worry, I’ve got you. That’s why I am doing this blog post.
You will also gain awesome skills for learning how to organize your finances. This way, you know when your bills are due, when big payments are coming up and this can help you to feel less stressed, more organized and to make sure you have the money you need to for these payments, when you need them to be in your account.
One of the things that hold people back when trying to budget, is accounting for those bigger payments that maybe aren’t every single month so you have a hard time adjusting to that because you know it is coming up, but you don’t know exactly when and when you can’t see it all in one place, it makes it hard to make a solid financial plan.
Some of the things that I am including here, are payments that may be coming up for you in the next 3 months and some may not. Some of them are ones that you only pay once a year and by writing them down now for the next 12 months, it will help you to actually see when specific payments that are not regular, are coming out of your account so then you can adjust for them and not feel so anxious or stressed about not having the funds in your account when you need them there.
Also, by doing this and becoming more organized and writing out when these things are due, it can help you to align your spending and to help support your short term and long term financial goals that you have.
I want you to write down on your day planner or calendar when these payments are due.
It is important to do this on a calendar and not just on a piece of paper, otherwise you won’t see it often enough and you won’t see it in the date format which is really important for you to be able to judge when your payments are coming out of your account to ensure that you are able to pay everything on time and to do it without feeling so much anxiety.
Are you ready to feel free of your credit card debt and learn how to pay it off quickly? Click here for my free 4 Steps to Pay Off Your Credit Card Debt E-book.
Click here to download my Realistic Budget template!
Start by writing out these payments, in order to plan your finances for the year:
- Each day, when you get paid. You can just mark on these days, “Paid” and that will show you when new money is coming into your account.
- When your mortgage or rent payments are due. Write out the date that it comes out of your account or is due. Whether this is monthly, bi-weekly or weekly. Write “mortgage” or “rent” on every single date that a payment is due or comes out, for the next 12 months.
- When your debt repayments are due or come out of your account. If you don’t know any of these payments that I am going to list, when the actual date they are due, look on your online accounts for these, look on your printed statements or contact your service provider.
This includes:
- Credit cards
- Student loans
- Personal lines of credit
- Vehicle payments
- GST payments or tax installments
- Other debts
Utilities:
- Power
- Energy
- Cell phone/Landline
- Internet
- Water
- Garbage disposal/recycling fees, etc
- If you don’t know when your water or garbage or other fees come out because you just get a letter in the mail from your town or city, e-mail or phone your city or town and find out when the next one is coming out and then write it down.
Click here to download my Realistic Budget template!
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- 7 Tips for Increasing Your Credit Score
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- Frequently Asked Questions about Financial Coaching
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- 9 Things You Are Spending Way More Money on Than You Think
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Insurances:
- Life insurance
- Home insurance/renter’s insurance
- Homeowner’s association fees/condo fees
- Vehicle insurance
- Vehicle package policy
- Health insurance
- Etc
Taxes, Memberships, Tuition, etc:
- Tax deadline (personal/business, homeowners/landowners)
- Membership/yearly/bi-yearly fees
- RRSP or other investment contribution deadline (if contributing)
- Tuition fees/ installments
- Other large/not regular payments that you pay each year
If you want some more tips for getting your debt paid off quicker, download my free ‘4 Steps to Pay Off Your Credit Card Debt” E-book below, this gives you more in detail, the step by step actions to take, to get your debt paid off much quicker than you currently are right now.
Click here to download my Realistic Budget template!
Frequently Asked Questions about Financial Coaching
Want to find out where you really stand financially? Click “Cash Flow Confidence” Program.
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