Day 27 / 31 Organize your Administration

Day 27: Organize your Administration
Day 27: Organize your Administration
Day 27: Organize your Administration

Now that you have almost got to the end stage of the 31 Day Challenge to financial excellence and have hopefully made huge progress on various areas of your financial life, one of the worst things is to have your finances all in order and then not being able to find important financial documents when you need them, such as insurance policies, warranties, bank statements or income stubs for your tax return. 

Having a proper, up-to-date and easy to understand filing system, does not only guarantee less stress and time lost when you are looking for things, it also ensures you do not waste money for example on a new product if your old one still has a guarantee on it. It allows you to quickly check you still have the right insurance, update your assets, debts and cash flow and makes is easy to check your credit card statements are all correct. Continue reading “Day 27 / 31 Organize your Administration”

Step 66: Organize your Paperwork

Step 66 of the 100 steps mission to financial independence: Organize your Paperwork
Step 66: Organize your Paperwork

We’ve already mentioned this quickly when talking about warranties, but one of the worst things is to have your finances all in order and then not being able to find important financial documents when you need them, such as insurance policies, warranties or bank statements or income stubs for your tax return. Come to think of it, is it even possible to become financially organized without having your home administration organized? Hmmm maybe not.

Having a proper, up-to-date and easy to understand filing system, doesn’t just guarantee less stress and time lost when you are looking for things. It also ensures you don’t waste money on a new product if your old one still had a guarantee on it, allows you to quickly check you still have the right insurance, stops you forgetting to pay outstanding bills and makes is easy to check your credit card statements are all correct.

In this step you are going to set up a home administration to make sure you’ll never end up in a situation where you can’t find your important financial statements.  Continue reading “Step 66: Organize your Paperwork”