Finances can be confusing. They don't have to be though. Once you have put in some time and effort, getting them into order, they can actually be quite interesting! You can see where you are spending money, where you could be making savings and how your financial future is looking. How do you get a handle on your personal finance though and how can you start seeing through the fuzz of numbers and paperwork? Let's look at how to declutter your finances.
Get Shredding & Go Paper Free
It's time to get rid of the mountains of paperwork and go paper free. Get rid of the paperwork you have but ensure you can get access to it via online systems, should you need it. This might mean using an app to take photos of your receipts too. Your paperwork has important information on it so ensure that you stay safe by shredding it. When you go paper free and have access to online accounts, you can find what you need to when you need it. Without having to flick through folders and files. Eliminating paper helps you declutter your finances.
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Clear Your Debts
See through the financial fog and get on top of your debt. When you clear your debt it is much easier to figure out how to start saving, what you can afford and how to plan for the future. If you have debts all over the place it might be easier to bring them all into one place so you are only paying off one sum. You could consider a 0% card to pay them off and then you'll have some time to clear the debt without any interest being added on top. Your focus should be on your debt because once it is cleared, you can do more with your finances without that anchor round your foot. Clear your debt, declutter your finances.
Pay Your Bills Straight Away
How often do you pay your bills straight away? Maybe you hold onto the paperwork until the last minute? When you pay a bill upon arrival, it's one less thing to clog up your brain. Even if you schedule the payment, get it organise to leave your account. Otherwise you might forget about it and get hit with a non-payment fee. We live in a world which is full of hustle and bustle and it's all too easy to forget things. Get bills organised right away and you'll be in a better position with your finances.
Automate The Process
Do you use automated processes? These are a great way to declutter your finances because once you've set them up once, they'll happen automatically next time. Then the time after that! There are loads of automatic process that you bank can put in place, however plenty of third party apps are available that you can connect via open banking too. Automation can be used to help you save when you spend or to over pay your mortgage. The possibilities are endless and using technology helps our personal finances.
Now is time to declutter your finances and see the cash in your future.
