cancel

Find Qualified
Local Contractors

Select Service:
Enter Zip:

community forums

Featuring over 100 topics of interest to DoItYourselfers.

How To Simplify Paying Your Bills

comments
  • Currently2.86/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
out of 246 votes


by Alden Smith

Nothing is more frustrating than a kitchen table piled high with bills needing payment. This is especially true if you are self employed, and need to do such things as pay for insurance, make quarterly tax payments, and keep track of a business and personal checking account. For every trick of the trade, there is an expert to guide you. Taking the advice of a financial guru is fine, but you must always do what works best for YOU. Here, we discuss ways to simplify the ugly process of paying bills – tricks, tips and organizational ideas.

First, Get Organized

Research for this article led me to David Allen, a financial guru that is considered to be one of the best. Mr. Allen advises against using hanging folders to organize your bills – for one thing, they don’t hold much, can be a real pain in keeping tabs organized, and have a habit of slipping down behind another if overloaded. Instead, Mr. Allen recommends using manila envelopes, titled in a way you understand. For example, a folder entitled “telephone bill” tells you all you need to know. You should write the due date on this envelope to avoid late fees. The whole idea is to get away from the archaic system of filing, and all the trouble that it entails.

Have A Routine

Experts say to set aside one or two days a week to specifically pay bills. Organize these days around the time when most bills become due. If at all possible, work with lending institutions to have bills come due within a few days’ time frame so that you aren’t always wondering if something is paid or not.

Use Common Sense

  • Use direct deposit for paychecks. Don’t waste time carrying around a paycheck, and then have to spend time going to the bank, waiting in line and depositing the check.
  • Do as much bill paying online as you possibly can. Many companies offer this service. You can set up a reminder in programs such as Outlook for due dates if you are a bit forgetful.
  • File electronic receipts in a specific folder on your hard drive, and insure that you back up electronic data on a regular basis.
  • Make a point of sorting your mail daily. Get in the habit of separating bills and junk mail, and put only bills in a clearly defined manila envelope for processing on the days you pay bills. Experts warn against having separate envelopes or folders for each bill. Searching through 10 different envelopes only makes the task of paying bills a harder one.
  • Buy an inexpensive computer software register, and record each bill immediately as it is paid. Not doing so might mean that you might forget whether a bill has been paid, leading to more frustration as you dig through everything to find the check or receipt.

Paying bills, even though painful, shouldn’t be even more so due to lack of organization. Use these simple tips to get your bill paying duties in order.

Alden Smith is an award winning author and regular contributor to DoItYourself.com. He writes on a variety of subjects, and excels in research.

member comments

or Register to leave a comment.

If you have a question you would like answered, please visit our Community Forums.

articles we like

AdhesivesAdhesives
This tool section introduces you to adhesives... read more

How to Clean Soy StainsHow to Clean Soy Stains
This cleaning section provides useful stain removal tips for fabrics and carpets in your home... read more

What Every Home Buyer Should Ask ThemselvesWhat Every Home Buyer Should Ask Themselves
Buying a home for the first time can be confusing, especiallly since it is the... read more

sponsored articles of the day

diy centers

Research and explore a wealth of wisdom on these topics