My budget binder is one of my most important binders I own. Day 10 of ABFOL 31 day purge is Bills. I created my Bills & Budget Binder last year in July. Now, in October, I still use it religiously! I love how easy and handy it is.
For months I had looked for an easy system so I can organize my bills. I have always had a spreadsheet in Excel to keep track of our bills electronically; however, needed a binder to keep them organized and filed.
There are tons of ways to create a budget binder. My main concern was to keep it simple and easy! If I make it too difficult for myself, I wouldn’t have any motivation to follow through with it. This is the reason why I made it as basic as I could. For most of these bills, we use online banking, this way we can view the deductions on our account online.
When our bills first come in, we place them in this galvanized metal mail holder next to my desk. I found this cutie at Target for $14.99.
When I get a chance to go through and open my mail, I hole punch my bills and file under the month divider in my budget binder. Hope this helps you all start organizing your budget like I did.
Supplies I used:
- Binder – Staples Better View Binder
- 3 hole punch
- Avery tab dividers with months listed
- Spreadsheet: I used Excel and just made a list of my monthly bills and columns with next 6 months
- labeler or handwrite name of binder
Six Easy Steps to organize a Budget Binder:
1. Buy a good binder to hold every bill. I chose the Better Binder from Staples.
2. I purchased Avery tab dividers with list of months at Office Depot.
3. I created a spreadsheet with bills listed in Excel. Print and place as first page in binder.
4. Gather all your bills and alphabetize, hole punch and put behind month they are due.
5. When it is time to pay your bills, take out your Budget Binder, go to the month you are going to pay your bills, and start paying each bill behind your current month divider.
6. Once you pay, go to your front page spreadsheet and write down amount paid under the month and type of bill in which you paid. I usually write amount paid & date it.
Viola! This is super easy and an organized way to keep track of all your bills, and know when your last payment was made on each!