Tonight we are completing the final part of the Household Binder, the Finance section. Now this is not my area of expertise, but I will try to give you some valuable information that I found. The first thing to do is make a list of every monthly bill you have. I will include a cute Monthly Bill Pay Checklist that is very handy for this job. This is a great way to get a quick look at your monthly expenses. In the first column, there is a space for the day of the month that the bill is due, the type of bill, a check box about whether it is auto-paid through your checking, and then a box to check off when it was paid. You can also add an extra sheet of paper to keep track of “rogue” bills, these are occasional bills like fix-it expenses or random doctor bills. This simple sheet will let you know when to expect a bill to be paid or a payment to be deducted from your checking account. By being able to see what is going in and out of my accounts on paper, let’s me know when I am spending a bit too much and also where I can cut back.
One of the biggest wastes of money each month are finance, atm, and bank fees. These just chip away at your money without as much as a thought. As you can see, I am not a finance guru by any means and I don’t pretend to be one. This is an important section and one that I need to learn a lot more about. But for now, I will pass on some Free Finance Printables that I have found beneficial. In this section you can also keep a Checkbook Register, and a list of account contacts and account numbers (I know there is one in our Contacts Section, but this would be a good location for a second list). If you have a family budget set up or a loan repayment system created, those would also go into this area of the Household Binder. Well, the more I learn about this, the more I will update this blog. So, good luck and here’s to learning a new budgeting skill.