Here are some tips to help you organise your money so you can make your money go as far as possible:
- Put all your important documents for example payslips, bills and bank statements in one place you can easily find.
- Check your bank balance at a regular set time so you know what money you have available and can budget effectively.
- Build money tasks into your routine for example allocating time for tasks like paying bills, checking savings or transferring money to different accounts.
- Some people use cash and take out only the money they can afford to spend on something for example when you go shopping.
- Create a budget you could do this through using our other financial resources. Make a list of your essential costs and expenses.
- Set up direct debits for bills and other regular payments so they don’t pile up.
- Manage your debts if you can afford to through standing orders. If your struggling to pay off debts get advice from organisations like Step Change and Money Helper. You may be able to able to get a break from paying interests on your debts.
- Use a bank account that allows you to put money into separate pots so you can work out what money you have available.
- Get your banks app so you can keep in touch with your finances while you are out and about
- Shred some paperwork that you don’t need anymore for example bills and bank statements that are over a year old.
- Make the most of your digital wallet- points cards can help you make vital savings.
- Use a schedule for example your phones calendar and alert system to remind you of financial commitments for example Car Mot’s, insurance renewals and family/friends birthdays.
You can find more information and advice here:
https://www.goodhousekeeping.com/uk/consumer-advice/money/a547658/how-to-organise-your-finances/https://www.mind.org.uk/information-support/tips-for-everyday-living/money-and-mental-health/organising-your-finances/
