Princeton Happenings

5 Ways to Organize Your Bill Paying System

Sometimes we can get busy and forget about a utility bill or misplace our cable bill.
Follow these steps to sort out your bill paying system and you’ll feel much more organized!

1.Keep bills together in one area- Whether its a plastic tray on your desk or a basket on your kitchen counter, always place the bills you receive in one place. Receive e-bills for some of your utilities? Print them out and put them in your designated place too so you don’t forget about them!

2. Make a calendar- Use a small pocket calendar to mark the dates that your bills are due along with the amounts. Seeing this visually will help you keep track of your finances for the month.

3. Designate 2-4 days per month to pay bills- If most of your bills are due at the beginning of the month, you can probably get away will only paying bills once but most of us have them spaced out. Pick the days that you will sit down and write out your checks and put stamps on your bills to ensure they get out on time.

4. Record your paid bills immediately- As soon as you pay each bill, immediately record the payment in your check book (or spreadsheet). Don’t wait until later because if you do, there’s a good chance you will forget.

5. Prepare envelopes for reoccurring bills that you mail- If you pay a certain bill by check each month, write out 12 envelopes with the proper mailing address and put stamps on them all at once. Now you have a year’s worth of envelopes prepared and you don’t have to worry about being late with payment if you run out of stamps.