How To Easily Keep Track of Bills and Payments (in 2022 and Beyond)
The million-dollar question of today is how to easily keep track of bills and payments in 2022 and beyond.
Before I really started to focus more on budgeting and having my budget planner, I was not paying attention much to my bills.
I knew my salary, I would have a minor emergency account that would fluctuate, especially during summer since I was traveling more.
So no tragic stories and massive loans. But still, how do you get ahead in your finance and build your financial stability up to wealth and not only get by?
Managing finance, knowing your salary, increasing your income and definitely keeping track of expenses and bills.
Why do Track Your Bills
The why is simple. By tracking your bills, you will increase your financial awareness of what’s going on in your financial budget.
I mean in your budget. Not in your neighbour’s budget, or friends, but your own.
Increasing awareness means increasing financial literacy and getting better with money management.
Is this not a simply strong why for you?
How to Keep Track of Your Bills
The main reason why you want to take these 3 steps in your financial life is that you want your financial results.
Planning and planning around is great. Since you need to think about how to manage money the best.
But if you keep it only in the ”world of thinking” you will not get where you want.
Becoming a millionaire is a very popular topic.
But these steps can be taken not only to become a millionaire. But just simply to progress in your financial life.
3 powerful steps to keep track of bills and payments:
- Prepare a list of all your must-pay bills and invoices per month. you will already ease the financial responsibility.
- Set extra funds not only to cover essential bills for living such as rent/mortgage, utilities and food and clothing (internet, phone and car …. this is my personal opinion that you can adjust if you don’t need it)
- Take actual real steps in life to track your finances and adjust them towards your money management goals. That means, planning is nothing without actual steps in life.
You owe it to yourself. You really want to live a life of financial abundance in a smart way.
The Best Way to Track Bills Due Dates
There is no need to complicate tracking. In fact, the more complex you make it, the more difficult it will become.
The best ways how I found are 2 ways.
Or you really keep just a simple reminder in your phone calendar.
Or you will get your printable finance planner where you record in writing your dates and check them regularly.
The digital version of the printable planner is amazing for those who love Goodnotes and have their iPads handy all the time.
Being Practical about Your Bills and Payments
Monthly payments and their reconciliation may be more difficult when you are just starting off.
So having a financial meeting with yourself or perhaps even your partner or spouse will uplift that idea of difficulties and will even look forward to taking control over your finances.
Recommendation here.
Even if you are in a relationship, the most practical way I suggest is that you put together money towards the essential expenses such as housing, utilities, car, internet, phones and food.
And you still keep a part of finance for yourself.
Even open your own savings or pension account and keep contributing to it every month. Like this, you will still keep your own sense of responsibility for finances.
Schedule the regular view at least after every 2 weeks. Like this, you only have to check your budget and sendings for 2 weeks, which is easier and manageable.
Bill Tracking System — Digital Trackers
Slightly already touched the Digital era and trackers that you can get for yourself and upload them to your iPad.
Nevertheless, welcome to being an adult, a life full of opportunities, however, also responsibilities and related consequences.
Life doesn’t have to be complicated. If you learn fundamental financial habits for financial success.
If you are really into Apps then Mint app would be the way forward. However, keep in mind that the app will only allow you to include what is already in there.
The digital planner will still give you more freedom to design your financial stability and eventually the way toward financial freedom.
Since digital planners are hyperlinked, you have the connection between each and every month and expense pages.
Via hyperlink, you still can get to the main menu page and click yourself exactly to the month you need.
CLICK HERE TO GET YOUR DIGITAL FINANCE PLANNER
CONCLUSION
Once I started to wonder. How do I keep track of bills and payments on a frequent basis, mostly monthly?
Hmm, you can do it easily. I am not underestimating any way the process of budgeting.
But I am emphasizing that it is simple if you look at the basic principles and you stay there.
The “grandchild rule” is a way of evaluating decisions with long-term consequences. Imagine that, thirty or forty years from now, your grandchild gives you feedback on the results of your decision.
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