How to Organize Your Finances: A Beginner's Guide

Organizing your finances doesn't have to be complicated. Here's a simple approach.

Create a System

Choose a system for organizing financial documents. Digital, physical, or both.

List Your Accounts

Write down all bank accounts, credit cards, investment accounts, and loans.

Organize Bills

Set up a system for tracking and paying bills. Automation helps.

Track Spending

Knowing where your money goes helps you make better decisions.

Build an Emergency Fund

Start saving for emergencies. Even small amounts add up.

Pay Down Debt

Prioritize paying off high-interest debt like credit cards.

Review Regularly

Review your finances monthly or quarterly to stay on track.

Get Help if Needed

A financial advisor or credit counselor can help you get organized.

Use the End of Life Playbook to organize your finances.