Manage Money Better
Improve your money smarts with small changes that lead to big gains.
  1. Manage Money Better
  2. The Easiest Way to Prevent Financial Problems: Get Organized

The Easiest Way to Prevent Financial Problems: Get Organized

People have financial problems for all sorts of reasons: overspending, not planning, losing a job, family problems, business failure, and the list goes on. While any one of these issues may seem to be the cause of someone’s financial problems, all too often the root problem is much more basic. The simple truth is that many people’s finances are completely disorganized. If you can’t find your bills, how are you supposed to pay them on time? If the tax man or a creditor request financial information from you and you don’t know where it is, you may end up with even bigger problems.

Keeping your finances organized is much easier than most people think. Take a box, a simple banker’s box with a bunch of folders is perfect. As your bills and statements come in, after you look at them, just throw them in the right folder in the box and you are organized. It can be as simple as that. Then whenever you need a bill or a statement, you know where to look, and you will probably be able to find it within a few minutes.

There are some other things you can do to keep your finances organized and prevent a lot of problems that people unknowingly walk into:

  • Provide your bank and creditors with your new address when you move. Then follow up to make sure that they correctly update your address.
  • Keep your creditors up to date if your financial situation changes. They may be able to suggest ways to improve your situation before you end up in a tight spot.
  • Check your statements to look for any obvious signs of fraudulent activity. If you are the victim of fraud or identify theft, the sooner you catch it the better.
  • Mark due dates for payments on your household calendar where you can’t forget about or ignore them.

Keeping yourself organized isn’t as hard as you might think. All it takes is a simple system that works for you. It doesn’t have to work for anyone else – that’s their system. Getting yourself organized financially can make you feel happier as well…and before you think up another reason not to try it, what have you got to lose?


Back To The Blog

Need expert help?

Looking to get back on track?

Get started today by making an appointment to speak with one of our credit counsellors. We’re happy to answer your questions and help you. All of our appointments are free, confidential, and non-judgmental.

Related Articles

Budgeting guidelines for individual and household spending displayed on a laptop screen.

Budgeting Guidelines

A breakdown of categories for your budget and how much to spend on each type of expense.

An image representing closely tracking items in a personal budget.

Track Your Spending

An essential part of building a budget is tracking how much you actually spend. Here’s how.

A person figuring out the fastest way to get out of debt.

Get Out of Debt

Are you wondering about the best or fastest way to get out of debt? Here are 12 top tips.


Was this page helpful?

Helpfulness of page - face 1
Helpfulness of page - face 2
Helpfulness of page - face 3
Helpfulness of page - face 4
Helpfulness of page - face 5


Submit a Comment

Your email address will not be published. Required fields are marked *