I’ll admit – I’m pretty good with money.
Well, that’s my own opinion obviously. That doesn’t mean I don’t spend money. Quite the opposite. I spend plenty, I buy stuff I like, and I invest plenty of it in my business. I also ensure that I always pay my bills on time.
The truth is – I don’t know if I would know how to budget or plan around bills and finances if I didn’t have a business. I wanted to track how much money I was earning from my photography business AND this blog so I started tracking stuff on a regular ol’ spreadsheet 2 years ago. Then, I added expenses. Then, since I kept freaking out about whether I paid my bills or not (I kept forgetting. Sure, I always paid then but still, those couple of minutes of freak out time, thinking I was late, were not fun), so I added a table that reflected when and how much I paid for each bill.
It saved me a lot of headaches.
So, without further ado here are some ways to help manage your budget and pay your bills on time..
1. Track your spending and bills
Like I said, I have a nice spreadsheet where I track all my incomes, expenses, and bills that are due. I write down the date and amounts I spent so that if I ever freak out in the middle of the night, wondering whether I paid my bills, I can just go in and check in one place. It’s easy and makes my life a lot less stressful.
2. Set up automatic billing
I actually don’t do this much because I like to be more conscious and intentional with my spending, even when it comes to paying bills, and I like to actually KNOW I paid them rather than relying on technology.. but I know it works for many people. My roommate, for example, has our rent set up to charge automatically. I prefer to pay manually.
3. Set up reminders
I pretty much am ruled by my Google calendar. It’s my life. So I set up calendar events to serve as reminders for when I have to pay specific bills. I have one for my rent, for my credit card, and my electric. This way if I ever have an especially busy month and somehow forget, I am reminded by my darling calendar. What would I do with you, Google?
4. Schedule payments
Although I’m not big on recurring payments, I do like to schedule my payments. I schedule the payments for one of my credit cards as soon as I receive the statement (since they aren’t usually due for a few weeks). This way, I make sure it gets paid in time while it’s still fresh in my mind. I also set the paid amount and the scheduled date in the spreadsheet so I know it’s been scheduled.
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I was selected for this opportunity as a member of Clever Girls and the content and opinions expressed here are all my own.