g Text Version
Beauty & Self
Books & Music
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
News & Politics
Religion & Spirituality
Travel & Culture
TV & Movies

Bored? Games!
Take a Quiz
Rate My Photo

Autism Spectrum Disorders
Mental Health
Blogs / Social Networking
Kidney Disease
Today in History

All times in EST

Full Schedule
g Investing Site

BellaOnline's Investing Editor


Organize Your Finances

An organized financial life is important to peace of mind. Disorganization can cause missed opportunities and excess costs. Do you keep your finances organized?

First it is important to keep your investments papers all together. A file drawer or cabinet is ideal for paperwork. Alternatively, you could use an accordion file. The main point is to have all the paperwork in one place and not scattered across the house. Not only does this make your life easier, but it provides a degree of security from information theft. You do not want papers laying out for anyone to see and acquire your personal information.

Next have a file for each bank or brokerage that you deal with. Again this keeps papers organized so that you are not confused. This way you know that Fund A's paperwork is in Fund A's folder and not mixed in with papers for Fund B and Fund C. It is handy to use hanging files for each brokerage and then individual folders for each fund.

Do you keep your information on your computer instead? You can set up similar file styles on your computer with folders and folders within folders. A hard copy or backup of your information is crucial though. Computers can, and do, suddenly lose all their data. You don't want to be left without a backup in this instance. A backup drive or thumb drive will be invaluable. The thumb drive is handy to store your information in a safe or safety deposit box. You can go old-school and keep paperwork as well, but many organizers believe the less to organize the better.

You want to have a safe place for your important documents though. Wills, mortgage contracts, and similar documents are best kept in a safety deposit box. This keeps the items safe from theft and from the possibility of a fire at home destroying them.

Passwords need to be kept organized and safe as well. Many people have financial investments online. Secure passwords are essential. You can use one main password with a password protect site to keep your life organized and safe. Then you only need to remember and keep secure one password. Otherwise keep your list of passwords secure which may include a backup in a safe location. Again this could be a safe deposit box. This may seem inconvenient, but you would still have your passwords backed up in case of loss.

A little organization can make a financial life easier. You can avoid frantic hunts through the house for important papers. You will much more clearly know what you own and are invested in. That is a good feeling.

Are you interested in a simple portfolio to save for retirement? Please check out my book on building a simple retirement portfolio that is available at Amazon.com:
Investing $10K in 2014 (Sandra's Investing Basics)

Add Organize+Your+Finances to Twitter Add Organize+Your+Finances to Facebook Add Organize+Your+Finances to MySpace Add Organize+Your+Finances to Del.icio.us Digg Organize+Your+Finances Add Organize+Your+Finances to Yahoo My Web Add Organize+Your+Finances to Google Bookmarks Add Organize+Your+Finances to Stumbleupon Add Organize+Your+Finances to Reddit


Investment Plan Advantages
Your Assets and Liabilities
Monte Carlo Calculators For Retirement Planning
Related Articles
Editor's Picks Articles
Top Ten Articles
Previous Features
Site Map

For FREE email updates, subscribe to the Investing Newsletter

Past Issues

Printer Friendly
tell friend
Tell a Friend
Email Editor

Content copyright © 2015 by Sandra Baublitz. All rights reserved.
This content was written by Sandra Baublitz. If you wish to use this content in any manner, you need written permission. Contact Sandra Baublitz for details.


g features
Bond Portfolio and Interest Rates

Investing $10K in 2015 EBook

A Tribute to WSJ Sunday

Archives | Site Map


Past Issues

Less than Monthly

BellaOnline on Facebook

| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2015 Minerva WebWorks LLC. All rights reserved.

BellaOnline Editor