by: Michael Saunders
In order to save money, budget for the unknown, and keep from going into debit, you'll have a very difficult time knowing what to estimate for these expenses if you don't keep good records. Record-keeping may be one of duller ways to spend a rainy Saturday, but it really pays big dividends when you need quick access to important financial information.
Personally speaking, I'm pleased to be able to say that I can find the receipt for any purchase - no matter how small - for the last year and bigger ones for much longer. This practice may not be the most of fun of activities, but I am organized. Having a good system that works for you for keeping records such as policies, receipts, and such can save time, money, and frustration.
How can you accomplish this feat? I'll tell you: Any way you want. A number of perfectly good record-keeping methods and products are available, so pick one you like - or choose parts of various ones and put them together. Here are a few guidelines to offer:
1. Keep all your stuff in the same place or general area, such as a desk, cabinet, or closet.
2. Have some way of breaking down the information by subject: bank statements separate from investment statements, credit card statements separate from utility bills, and so on. (continued...)
Keeping Good Records is Important to Your Financial Well-Being
About The Author
The position young people are dealt with can be complex, and yet the entire economic system is still focused for an age that’s almost gone astray. The solution? Promoting social enterprise and getting these young people integrated into work.