Schools out and Summer is here! Many of my clients are planning their vacations. Concerns about how they’ll manage their bills and overall money management concerns often arise. Before you pack that suitcase, here are a few things you can do to make your next vacation a financial-worry-free zone.
With the explosive use of technology in the last twenty years, how we manage our lives has dramatically changed. When taking stock of their finances, my clients are often surprised at how scattered and complicated their digital assets can be.
As a daily money manager I get that question a lot. Both provide important financial-related services to their clients. Both have professional distinctions. Both hold positions of trust. So what’s the difference? I’ll happily explain the differences as well as the circumstances when we work together.
Knowing that I help clients who struggle with paper — bills, important documents, and the like — a good friend recommended this book to me: The Life-Changing Magic of Tidying Up by Marie Kondo. “Life changing… you’ve got to be kidding me? is what I was secretly thinking.” Then I read it. And I know it’s possible.
As a Daily Money Manager, I’d be remiss if I didn’t talk about credit card debt and personal finance management during the holiday season. With the flurry of sales and other Black Friday specials, it can be all too easy to get caught up in a holiday spending spree.
We’re officially 52 days until the end of the year. With the holidays nearly upon us (actually some of my clients mark Halloween as the official start of the holiday season), it’s easy to let important paperwork slip. I’ve found that if you spend a little time before the end of the year organizing papers, it makes tax time easier and less stressful.
Now that managing one’s financial life online is mainstream — and heavily marketed by most financial institutions — many of my clients feel pressured to adopt electronic bill paying methods. Going against your natural financial management style is never a good idea.
As a Daily Money Manager I routinely help my clients achieve a specific financial goal: pay bills on time and create a system that’s easy for them to manage. In previous posts, I’ve talked a lot about reducing paper clutter, the chaos that typically surrounds organizing one’s personal and professional financial life. If you’re just catching up and your desk holds a mound of unsorted and unfiled paper, I encourage you to read those posts about gaining control before proceeding to this step.
Probably the most important habit of financial organization is maintaining your in-flow and out-flow systems. If you know how to handle each financial related tasks and their accompanying paperwork or electronic version as they come in, then it can’t pile up to a level where you are overwhelmed or feel defeated.
By now you have a financial organization notebook, chronicling your goals and what gets in your way. You’ve also set up physical files to store your important financial paperwork. One area that my clients seem to trip up is in the managing the flow of “stuff” that come into their lives related their finances. For some, it’s actual bills that appear in their mailbox. For others, it’s the electronic notifications of bill payments and financial statements. Regardless if you prefer to handle paper or its virtual equivalent, here are a few financial organization tips that I’ve found to actually work.