Friday, January 21, 2011

Organizing All That Paper


I try my best to go through the mail as soon as I get it and toss the junk and file the bills, etc.
I have a Picture Box that I use to store the bills that need to be paid.



The polka dot box holds my monthly budget break down, bills and calculator.


Just in case you're curious...the bottom box holds Thank You and Birthday cards.




After my bills are paid, I file the statements (and keep them for one year...then shred) in a 2-drawer file cabinet.



Not to change the subject too much, but...I mentioned in my New Year's Resolutions that I wanted to pay off debt. I have always loved Dave Ramsey and have done several of his suggestions with my money. But to help pay off more debt, I have decided to really buckle down and follow his "Envelope System". He suggests to pay most everything with cash. You set a monthly budget and put that amount of cash in envelopes. My 'envelopes' are for gifts (birthdays, etc), clothes, savings (for miscellaneous things such as car tags or a vacation), hair maintenance (come on girls, you know how important that is!), Christmas and home improvements. I won't go in to too much personal detail but so far this year, I have stuck to my monthly budget and even saved more than I planned for...paying with cash really does help my spend LESS MONEY!!! Dave says that you feel the 'sting' of the purchase way more if it is bought with cash.



Here's to hoping that those envelopes grow up to be big, fat envelopes!!

9 comments:

  1. Congratulations! I have been wanting to use the envelope system, but I have yet to fully commit - now I am thinking February will be my month to start! Thanks!

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  2. Good for you! My husband & I followed the Dave Ramsey Financial Peace program, and it worked really well...until we built the new house. So, we're back on Step 2, but are working our way back up the ladder. Paying cash and being mindful of purchases helped a whole bunch. :)

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  3. Just found you thru IHeart Organizing. Looks like you are well organized and on your way to being debt free!! My husband and I discovered Dave Ramsey when my son was born and I wasn't going back to work 5 yrs ago. We are debt free (besides the house) and working on that to be pd off before its college time. Slow and steady wins the race (and discipline helps too!)

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  4. That polka dot box is so cute! I love that! I just did a post on my blog about organizing finances in a similar way:

    http://organizingmadefun.blogspot.com/2011/01/how-i-organize-my-finances.html

    Check it out sometime if you'd like!

    Becky B.
    www.organizingmadefun.blogspot.com
    Organizing Made Fun

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  5. You did a great job. I love Dave Ramsey too. I used to do the envelop method years ago. It is good...
    I'd love for you to stop by and link up to my Organizing Mission Monday link party. I am working on offices... so this would be perfect.
    I found you from I Heart Organizing.
    I'm leaving my link since I'm not on blogger anymore
    http://www.organizewithsandy.com

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  6. Your filing cabinet is so nicely labeled, it's just fantastic!

    And I love that you have a bill box! Wishing you the best in your debt payoff goal, sounds like you are off to a great start!

    I am sending you virtual high fives! Thanks so much for linking up and sharing your story!

    xoxo,
    Jen

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  7. I am your new follower! I read Dave Ramsey last year and it changed my life! It's surprising how different it is to spend cash as oppose to using credit. I hold on to it a lot tighter!

    Can't wait to read more of your ideas!

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  8. these were great ideas love the box idea with envelopes and all inside....

    my husband and i stopped using credit cards years ago...if we cant pay for it with cash...we cant have it.
    feels very liberating....

    thanks fpr the tips

    ReplyDelete