Organize Your Money: Managing Your Money With Personal Finance Software

Organize Your Money!

Organization is the key to a balanced life! Organization saves you time, energy, frustration, and confusion. To be organized means to be efficient in the way separate elements are arranged into a consistent structure. In other words, everything has its place, find the place, and when you're done put it back. In all my years of counseling people in the area of personal finances, one of the biggest issues that cause money woes is the lack of organization.

When you are not organized life feels chaotic, excruciating, and out of control. You can actually feel your sanity slipping away. But like everything else in life -- you need to admit that you have organization issues, and that you want to change. Next, you need to make a commitment to get organized, and get your life in order. Then come up with a plan. If you're too overwhelmed to get started, have a friend or a professional help you get organized. Your life and financial future depends on it.

Organize your time -- Use a calendar, palm pilot, or organizer to manage your time. Think of your time as money. When you waste your time you are throwing away money, so plan and schedule your time.

Organize your files -- Start a paper filing system. Get manila folders to organize statements, bills, letters, and other important papers. If it's important it should have a place to go.

Track your money -- Know exactly how much money comes in and out of your household each month and year. Whether it's regular salaries, bonuses, part-time, or business income keep track. What are you spending your hard-earned money on? Track all your outgoing expenses for 30 days by keeping receipts and writing down expenses. Put the receipts in an envelope and label it by the month. Categorize your receipts and add each category up to get a total. This will give you a good idea how you use your money each month.

Pay your bills on time -- Keep all your bills in one place, separate bills by due dates, come up with 2-3 days of the month to write out and mail bills, and pay bills 4-5 days before due date.

Automate your savings/investments -- Organize your time and money by having a certain amount taken out each month, and put the amount in certain savings/investment accounts. This accomplishes three things: a) eliminates time on your part, b) you don't have to see, feel, or touch the money, and c) you are being consistent in saving.

File your taxes -- If your files are organized it will make it easier when tax time comes around to get your numbers together. You won't have to be scatter-brained trying to find old tax forms, pay-stubs, or documents. Every document will have a place.

Organizing your life will help grow your money. Organizing cuts down on duplicating inventory, supplies, clothes, products, food, information, and time! Do you want more money? Start getting organized!

Wednesday, August 20, 2008

Managing Your Money With Personal Finance Software

When you start managing your own money, you begin to realize how much there is to organize, especially if you have a variety of assets on top of your regular checking, savings and credit card accounts. A money manager has to be able to keep track of loans and investments, as well as spending and income. One way to make this easier if you are managing your own money is to use personal finance software.

Using the computer to manage your money

Personal finance software is designed to help you keep track of your income and expenditures, but many programs are also designed to help you organize your investments and other financial transactions. It is possible for you to update your accounts and reconcile them when statements arrive, and to make changes when you do something new. The computer can make money management much more efficient and organized.

Backing up your financial information

Computers, of course, are fallible. Sometimes they crash, and information can be lost. If you use personal finance software to help you manage your money, it is a good idea to back it up when you make changes. You can do this by putting the information on disk, or on an external drive, like a zip drive, external back up drive or a flash stick. It is important to back up your financial information so that it is not lost if your computer has problems. It only takes a few seconds, and it can save your hours of work re-entering all of the information.

If you want to be your own money manager, it can be done with a little education, and some help from a personal finance software program.

Find more information about Personal Money Management at MoneyManagement123.com. Also, visit Money Management 123 to find more information about Personal Finance Software.

Article Source: http://EzineArticles.com/?expert=L._Sampson

Organize Your Money