Money Management

A Day Organizing Documents

2015 has been an incredibly busy year around the old NCN household.  Honestly, I’ve slacked off a bit with my bookkeeping and document organization – so I took a few hours today to clean things up and get things tidy.  I am now much better prepared for next year. First, I sorted, organized, paid, and filed this year’s remaining bills.  I am finished with 2015 – and ready for 2016. Second, I sorted and organized our tax documents for 2015.  Many more will arrive over the next month – so I wanted to be ready.  Receipts and other tax-related items are nice and neat, and we should be ready to file our taxes in February. Third, I took an hour…

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Money Management, Resources

A Super Simple System To Organize Bills And Paperwork

I have been using this super simple system to organize bills and paperwork for years.  I like this system because it only takes me a few minutes to either file or find bills or paperwork. I can file an entire month’s worth of bills and paperwork in less than five minutes.  Like I said, this system is super simple. Some our bills arrive via email, but a number of them still arrive via regular mail.  Here’s how we manage our bills, paperwork, and receipts – The Setup – I use one letter tray and one expanding file box. That’s it. I’ll create a label for each tab in the expanding file box, one tab for each month, January through December.…

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Money Management

Getting Ready For A New Financial Year

I’ve taken the time today to do a little financial housekeeping, getting ready for a new financial year. I reconciled the balances in our various checking and savings accounts.  All checks written have cleared and transactions have posted.  If you are a financial nerd like me, you know that’s awesome. I then updated our inventory of financial accounts – taking the time to update account passwords and website information.  The inventory is designed for my wife, so that she would have a snapshot of our finances, should something happen to me. After that, I took a peek at our retirement and college savings accounts.  I really need to do some more research before I touch our current investments, but I’m…

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