![]() ![]() If you go through and notice that that gym you haven’t been to in over 8 months is still billing you, then it is probably time to cancel it. If you have not done this before, or haven’t done it in a long while, then you will likely see some things that seem unnecessary immediately. Since you have all of your monthly expenses visualized into your tracking template, you can clearly see where all of your money for the month is going. These can all be sorted into the monthly expense tracker section of the template, and slowly you will see the individual spending expenses stack up. Write down all of the expenses from the combination of paper bills, electronic bills, expense receipts, and any other monthly spending. Using a template like this will help you visualize where your money is going each month and, at the same time, cut out anything that is unnecessary. You will want to get started with a helpful life and budget planner, or other similar way to write down all of the spending you are doing each month. This next step relies on getting an accurate representation of all of your monthly expenses. ![]() Here is another excellent resource specifically for decluttering your finances that tackles papers and junk mail if you are looking for a more in-depth way to sort your piles of papers. Note: If you are overcome by mail and various papers (even your kids’ school work), sorting and categorizing is a great way to get a handle on it all as well! Then, you will get rid of anything that needs to be recycled. Essentially, all of your bills and receipts can be separated into categories that are something like: utilities, expense receipts, other financial papers, junk mail to be recycled, and mail to save for later. The first part of decluttering your bills and receipts is to create specific categories for each expense and sort them into their respective piles. Tracking your expenses in order to create an accurate budget can be overwhelming but if you take the process one step at a time, then you can conquer any amount of clutter. If you need a hand with keeping your bills organized, Prism is a strong option.Built with ConvertKit How to track your expenses to create an accurate monthly budget The app may think you have the money to pay a bill, but it doesn’t know you went out to eat and bought a new outfit. So, while it lets you show your paycheck, it’s not keeping a running tabulation on your bank account. The downside is that Prism is not set up to manage your running expenses or download your bank account details. There are no fees for using the bill pay option. You can choose when to pay the bills or open the app and pay them when you get a reminder. If your biller is not in the system, you can create an entry for it, and it will update just like the other billers. Prism currently has agreements with over 11,000 billers to access data and provide you with current statements, reminders when bills are due, and the ability to pay online, even without a bank account. If you want to pay your bills online and see what you owe, all in one place, this app is for you. After you sign up, you link your bills to the app. This app is available on smartphones and tablets and provides a full picture of your finances. Mint is ideal for users who want a program for tracking and getting reminders and alerts for their accounts but aren’t concerned with reconciling, the running balance, investments, or paying bills through an app. You can create new reports or customize the data you see on the report. If you like seeing your finances as a report, Mint offers quite a few reports you can customize to see a snapshot of your finances. ![]() Mint does not have a bill pay feature, but it will tell you if you have enough in your account to pay the bills when they are due. After you set up your bills, payment dates, and amounts, you can get alerts when bills are due. Mint lets you set budgets for each category rather than one overall budget. When you sign up, Mint downloads and analyzes your bank account information. It is designed to be used primarily for tracking and managing expenses. Mint is an online product that has an app for mobile use. Mint is a free app provided by Intuit, the maker of accounting software, Quickbooks. ![]()
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