Keeping Track of Your Incoming Bills

by Nilsa Cleland
(last updated December 20, 2012)

Paying bills can sometimes be a painful experience especially when you realize you forgot to send your payment out on time and now you are getting a penalty tacked onto your balance to boot! Some tips on how to keep track of your incoming bills may help avoid extra stress.

  • Make a list of your bills by their due dates. Keeping a list of bills by their due dates can help make sending bills out on time. The list is easy to keep handy. You can also check off or line out the bills you have already sent out to make it easier to know what bills have been paid.
  • Make a spreadsheet according to when you receive your paychecks. Arrange all your bills by the due date list you have already created. Place your paycheck amount at the top of your list. This will give you a clear picture of how much money you have for your bills during each pay period. You may find you are able to pay more than the minimum for some of your bills allowing you to pay your balances off quicker. Ensure you give yourself enough time to either mail or make online payments as to avoid late payment penalties. Once the bill is paid, log the payment date in your spreadsheet.
  • Place reminders at least one week in advance in your calendar. Should your payment process with certain creditors take longer, allow more time for scheduling your payments. Keeping incoming bill reminders in your calendar helps keep you on track with your bills. Many times, arrangements for payment withdrawal from your checking account, savings account, or credit card can be coordinated with your creditor.
  • Not everyone wants to keep a due date folder therefore a tip for keeping track of incoming bills is to place the incoming bills in order by due date in your bill holder by your computer, desk, or kitchen table drawer. Keep the bill that is to next in line to be paid on the top of your bill stack for easy bill payment access.
  • If your style is to have a folder with the days of the month to make it quicker for you to organize your incoming bills, an accordion bill holder is a great organizer for placing incoming bills by date. As you receive your incoming bills, place the bills in the date that is at least 7 days prior to the payment due date if you plan to pay your bill by snail mail. If you pay online, typically less time is required. Remember to record the date and the amount you paid per bill.

Keeping a good handle on managing your incoming bills can avoid embarrassing letters or phone calls from creditors wondering bill payments when in reality a simple mistake was made by not remembering a bill was due.

Author Bio

Nilsa Cleland

Nilsa is currently working on her first novel. She is author of numerous newspaper and magazine articles, and poems of which one has been published in a book of poetry. She and her husband reside in the foothills of one of Colorado's most beautiful mountains. ...

MORE FROM NILSA

Organizing Your Medical Records

Maintaining an organized system for your medical records can save you from getting frustration as you seek updated important ...

Discover More

Finding Time to Exercise

With all the hubbub of work, family, and home needs, exercise becomes one of those things that keep being pushed aside. ...

Discover More

Christmas Decoration Storage

Holidays are an exciting time of the year. Keeping the excitement going once the event is over can be difficult to do since ...

Discover More

Cordless, Compact, and Powerful! DeWalt's 18-volt drill-driver kit packs a big punch in a small package, with a powerful high-performance motor tucked away inside a compact design. A great addition to the tool chest of any professional or DIYer! Check out DeWalt 18-Volt Drill/Driver Kit today!

More Organizing Tips

Tips for a Foolproof Filing System

Due to the ever-increasing bureaucratic nature of today's world it has become necessary to have some type of filing system. ...

Discover More

Protecting Your Identity

Protecting your identity is becoming more important with each passing day. Often times it seems like you can't turn on the ...

Discover More

Filing Information

Bills, important documents, and other information has a tendency to pile up. Conquer this paper clutter by implementing a ...

Discover More
Subscribe

FREE SERVICE: Receive an e-mail several times each week with a featured organizational tip. Enter your address and click "Subscribe."

Comments

If you would like to add an image to your comment (not an avatar, but an image to help in making the point of your comment), include the characters [{fig}] in your comment text. You’ll be prompted to upload your image when you submit the comment. Images larger than 600px wide or 1000px tall will be reduced. Up to three images may be included in a comment. All images are subject to review. Commenting privileges may be curtailed if inappropriate images are posted.

What is 3 + 4?

There are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)


Subscribe

FREE SERVICE: Receive an e-mail several times each week with a featured organizational tip. Enter your address and click "Subscribe."

(Your e-mail address is not shared with anyone, ever.)