The goal: Dedicate 1 hour a day, for 7 days, and improve the health of our finances.
Hour 3 (00:00 – 50:00)
Simplify our finances –
Schedule recurring online payments.
Establish direct deposits.
Organize, file, and purge old bills, checks, and other related documents.
Hour 3 (50:00 – 60:00)
Reevaluate current filing system –
Can I make documents easier to find?
Should I scan certain documents and store them digitally?
Can I receive certain bills online, thereby reducing paperwork?
Is my current system working?Â If not, what can I do to make it work?
Is my current system too complex?Â Does it meet my needs?
Over the course of this week, Iâ€™ll write four more articles about improving the health of our finances.Â Each article should take just a few minutes to read, and the steps outlined should take about an hour to do.Â Depending on the health of your finances, you might be able to breeze through the steps in just minutes – or it might take you much longer, if things are in need of repair.Â My goal, however, is to keep the steps to a minimum, and to make them as easy-to-follow as is possible.
Consider Hour 3.Â If you will take the time to do all of the steps outlined above, youâ€™ll have a organized system for storing financial documents and an automated system for paying bills.Â And, you will have accomplished all of these things, in about an hour!