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Paying bills is one of my least favorite tasks, and as I’ve gotten older, I seem to just accumulate more and more that I need to pay. To make sure that I pay them all on time and don’t miss a payment, I’ve had to develop a bill organization system. I’ve tried a whole bunch of different things, but this has been the best way to organize bills and make sure I don’t miss a payment.
Setting Up Your Bill Binder
To start, you’ll want to get a few things. You can shop at any local office supply store, or here are some links to purchase on Amazon.
Put the binder pockets into the binder. I used washi tape to decorate the pockets in my binder. Write each month on a tab and stick them to the binder pockets.
Print out 12 copies of the bill payment schedule (sign up below to receive it), punch holes in it, and add them to the binder – one after each pocket.
Using Your Bill Binder to Organize Bills
When your mail comes into the house, immediately put it in the mail basket until you are ready to sort it. If you can, throw out/shred/recycle any junk mail right away. Make it a regular routine to go through the mail and empty the basket.
Log the bills in the bill payment schedule, noting their due date. Put the bill in the pocket of the month that the bill is due. Use the hole punch and store any of the important paperwork into the binder for that month.
Depending on when you are paid each month, and when your bills are due, develop a schedule to go through the book and pay all of the bills. I usually do this twice a month – once around the 15th and once right before the end of the month, but you may prefer to do it weekly. It really is a personal choice. I create a binder for each year, and store all of the important bill-related paperwork from the year in the binder.