x4 Tips To Keep Your Finances (& life) Organised with Beck Wadworth
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Track Your Budget
Firstly know your incomings and outgoings to better understand your financial position. How are you tracking? What changes can you make? What are your goals & focuses financially? Reflect, review & refocus! Use the budgeting pages in our Finance & Investment Planner to keep you on track and accountable.
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Know Your Expenses
Organise your life admin & book your annual dentist, doctor & skin check ups. Spread them out over the next 3 months so it's not so much pressure time or money wise. Check your passport, car registration & any other bits & pieces that might need renewing - write down in your diary what date these expire & a reminder to renew them prior to this date. Also an emergency fund is a budget essential that will allow you so much more freedom with your income - work backwards with big expenses like car insurance to understand how much you should be putting into your emergency fund to cover before the bill arrives.
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Give Everything A Place
A common reason people forget to pay upcoming bills is not knowing where they are! Whether you're a digital or analog lover - make sure you have a system to keep track of all your bills. Keep bills flagged or starred in your inbox until paid, paper bills keep bulldog clipped or filed in a dedicated drawer or space in your home - on the fridge is the best! Don’t allow paperwork to overwhelm you, have processes and systems in place.
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Review & Automate Expenses
When you’re ready, do one better and set up direct debit. A lot of monthly and annual expenses can be automated, for example internet & phone plans, insurance policies, utilities, entertainment such as Netflix & Spotify, etc. Look at all those expenses in your budget & investigate if you can save money with a better provider or plan, or if you are subscribed to any services you can cancel. Quite often your circumstances might have changed within a year & you will be surprised how much you can save - the benefits of these small changes all add up. Tip: Do this annually!