Easy Finance Declutter Tips

This entry is part 4 of 9 in the series Tips & Tricks

Clarify, Simplify, Implement

Lately I���ve become overwhelmed with clutter. Everything from my office to my home to my finances is filled with unnecessary stuff. And all this stuff creates stress and reduces efficiency. Just the other day my wife and I spent one hour searching for two bills that, as we eventually learned, were at the bottom of a pile of stuff on our kitchen counter. And now I am just plain fed up with all this clutter.




So I���ve started embracing what Leo Babauta (famed blogger of Zen Habits) calls The Power of Less. In his new book of the same title, he describes ���the fine art of limiting yourself to the essential . . . in business and in life.��� And that���s what I���m trying to do, beginning with our finances. So here are 10 tips to help you declutter your finances:

1. Reduce your mail and deal with it immediately: Mail can build up into an unwieldy mound of paper in no time. Let the mail go for even a day or two, and you���ll find a pile of junk mail, bills, magazines and everything else growing on your kitchen counter or wherever you throw your mail. And if you are like me, when this happens and uneasy feeling begins to build in the pit of your stomach that somewhere in that pile is a bill or other important letter that you need to deal with if you could only find it. To avoid the stress and distraction, give your mail the one-two punch.

First, reduce the junk mail you receive. There are some paid services you can use, but the Direct Marketing Association offers a free service that they estimate will eliminate 75% of your junk mail. You���ll find DMA���s online application form here. Second, deal with the mail you do receive daily. If you receive a bill, pay it immediately or file it with your other bills to be paid twice a month or on whatever schedule you follow. The point is to deal with every piece of mail the day you receive it.

2. Automate Bill Pay: For bills that you pay every month, set up automatic payment from your checking or other bank account. We pay most of our monthly bills automatically, including the mortgage, home equity line of credit, utilities, garbage collection, internet phone, cable, and cell phone. Not only does automatic bill pay save time, but it also eliminates the chance we���ll forget to pay a bill on time.


too many papers


3. Go Paperless (Part I): Credit card companies, mutual funds, banks and other companies are moving towards paperless statements. Vanguard, for example, eliminates certain annual fees if you agree to receive investing materials electronically. Not only do paperless statements save trees and money, but they also cut down on your time processing mail and dealing with clutter.

4. Go Paperless (Part II): For those documents you do receive and must keep, consider scanning the document and saving it electronically. We have an inexpensive scanner that also serves as our printer and a copier. Scanning is easy, and it reduces the clutter in our home. Here are some Energy Star scanners from Amazon that are reasonably priced.

5. Unsubscribe via e-mail: Since you are reading this article, you do from time to time read personal finance blogs. You may even subscribe to The Dough Roller or other sites. If you do, consider using Google Reader or some other RSS feed reader rather than subscribing via email. We already have to process a ton of junk email, so why clutter up or lives more with subscription email?

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