Eliminate Complicated Filing of Monthly Bills

Date Posted: Jun 08, 2009

System for filing monthly bills

I have a few clients who pay their bills at their workplace. They feel this is convenient because they spend so much time at work or have preschoolers at home. However, once the bills were paid, chaos ensued. Records were all over the place, with no system in place.

Here’s a simple plan which can work for you no matter where you pay the bills. And, it eliminates time-consuming filing! All you need is an accordion folder, available at office supply stores and other places. Most of these are divided into 13 sections.

Next time you pay bills, mark the printed bill with the date you made the payment (if you don’t have a printed bill, save a copy of your online payment). Each month when you pay bills, put them in one section of the folder, labeled by month. You can use the 13^th section for receipts you want to keep.

At the end of the 12-month period, label the folder with the year (or July 2009-June 2010) and store this folder (it doesn’t even have to be in a convenient place). Continue for the next 12 months with a new accordion folder.