Getting Financially Organised

Life has a habit of getting busy and it can be easy to lose track of your finances. Sometimes there’s so much coming in and out at different times that it’s difficult to keep on top of it. But it’s important to spend time getting everything organised, so you’re always ready for whatever life might throw your way.

Here are some of our top tips for getting financially organised.

Write everything down

When we say everything, we mean everything. Create a spreadsheet or a grab a piece of paper and write down everything you receive or own and owe. That’s mortgage, loans, insurance, pensions, credit cards, investments, savings, bills, current accounts, wages and so on.

Just having everything written down in one place can really help you understand what’s coming in and going out each month and year.

Simplify

The next step is to simplify. Take a look at everything and decide if you need that extra current account or credit card. If you barely use them then streamline and get rid.

The same applies to your pensions. You might have collected different pensions over the years. Look at consolidating them to make it easier to manage.

Stay organised

Once you’ve streamlined make sure you stay on top of things. You can use various online tools to pull all your finances into easy to read dashboards.

But you might prefer to just set aside a bit of time every month to review your accounts and check in with how things are going.

This can also apply to paperwork, whether physical or digital. Setting time aside each month to store or remove paperwork can declutter your home or inbox, which will make you feel more in control.

It can be a bit daunting to get started but it won’t take long and it can help you to achieve some of your goals like saving for a new home, paying down your mortgage or upping your pension contributions, which can have a big impact on your life.

Get in touch to see if we can help you with your financial journey.