SoBo Mama's Tips & Tricks











{December 28, 2013}   Household Management: Re-Vamping the Finances

I had the most honorable of intentions for the money section of my household notebook. Have you heard the old adage about the road to hell? So as I refocus on organizing my life – yes, I fall off the wagon every year – I am looking for a way to get my money under control.

Don’t mess with my money.

My favorite source for organization tips is Pinterest. I found several bill binder ideas and took what I liked best from each. The main thing for me? I’m vain. If it’s not cute, I won’t use it!

Scrapbook supplies and a view binder started me off. This is a 2 inch binder. I used 12×12 papers and trimmed to fit. The fleur due lis was a touch of fun.imageimageimageimage

And, having leftover scraps, I repurposed part of my empty can collection:
image

The inside pocket is dedicated to incoming bills. I’ll record the bill and amount on a calendar and slide the bill in the pocket until it’s paid. That back inner pocket is labeled for taxes – W-2 and 1099 forms should be coming in soon.

I put a zippered pouch at the very front for calculator. I will probably put a checkbook and stamps in there, also, for snail mail bills. Behind the pouch is a checklist of bills for the year. The “regular” bills will be listed and checked off as they’re paid. I found the form I’m using right now on Pinterest, but plan to create one of my own.

The first divider has several things behind it.  Grizz and I sat down last weekend and completed a budget form (again, one I found on Pinterest).  After we finished crying, we worked on a debt snowball form, which was pretty cool.  If we follow the snowball to the letter (huh-lo, have you met us??) we could actually be completely debt-free in about ten years.  Including the house!  Unfortunately, life often gets in the way.

In this “bills” section, I also included a 2014 calendar.  As bills come in, we’ll record the information on the calendar and file the bill in the pocket at the front.  As we pay the bills, they’ll be crossed off on the calendar, marked on the checklist, and filed away.  Friday night is when we’ll sit down and go over money, pay bills, and so on.

The next divider has an envelope for receipts.  I tend to just chunk (technical term, folks) receipts into my purse when paying with my bank card.  I’d like to keep up with all the receipts to reconcile with our bank statements when they come in.

Next, I have a section for bank statements.  My plan is to keep 2 months at a time for ready reference in the binder. As the new ones come in, we can file the oldest ones away.

My “Pens” can contains different colored pens to color code the calendar.  The monkeys have some of the same activities, but as they get older, they are doing more of their own thing, too.  I figure color-coding lets me know when Grizz needs to assist because I have to be in two places at once!

One of my other goals this year is to get back on the envelope system.  Granny-at-the-Farm often reminds me that is how I functioned all through college.  Admittedly, my envelopes back then were dedicated to drink specials each night of the week, but I digress.  A few years back, Grizz and I attended the Dave Ramsey Financial Peace University, and the cash in envelopes was a huge take away for me.  I’m able to pay most of our bills online.  I kind of don’t trust the monkeys with cash for cafeteria money.  But gas, groceries, and dining out?  Absolutely I can do envelopes.

So I’ve also been trying to find cute envelopes, but the prices on Etsy make me cringe…I may settle for making them myself so they can coordinate with the rest of my cuteness!

Anyway, this is what I’m trying out right now.  What do you think?  Any questions or ideas you’d care to share?

~ Katie

Posted from WordPress for Android

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