So are you bad with money or are you just disorganized? So many folks who think they just aren’t “good with money” are in actuality lacking good organizational skills. Being good with money is more about having a good mindset and good habits. Those habits need to be rooted in a very organized system. It is time to release your inner nerd and GET ORGANIZED! Once you do that, the money stuff will flow a whole lot easier.
The same applies to time mismanagement. You have all the time you need, you just need to allocate things better and organize your life better. Organization is beneficial for everyone and can be easily adapted to suit individual needs. Being organized in your everyday life actually saves you time and money. Here are a few of the reasons why.
Efficiency Creates Stress-Free Living
If you keep your belongings organized…if everything has a “home” (ie KonMari), you don’t need to spend time looking for them when needed. This is especially handy in the case of important yet rarely used items, such as that immersion blender you only use for homemade soup or insurance or tax information that you need once a year.
The key to keeping things organized is to come up with a place to keep something and stick to it. If you want to keep important mail in a desk drawer, make sure you keep all of your important mail in that drawer. Don’t be afraid of sorting your things too much. The more categories of things you come up with, the easier it will be to find exactly what you need when you need it. Imagine tax time without having to search through piles of paper or multiple filing cabinets. Imagine knowing exactly where that birthday cake pan is. Everything (and I do mean everything) needs a home.
Organization Keeps You From Wasting Money
Being organized keeps you from buying items that you already have, but you’ve forgotten about or lost in your household or workplace. How much food have you thrown out because it was expired and yet you kept right on buying more when you needed to use up what you had? It used to happen to me all the time. I also had to keep buying new items to replace ones I could not find. You’re more likely to forget about a pack of batteries you bought several months ago and never opened, than your car keys or your wallet. Combined, these types of purchases can end up costing you a significant amount of money for items that you already have or never needed in the first place.
Fortunately, this is a very fixable problem. By cleaning and organizing the designated “junk” drawers in your home or office and creating an inventory list of all the items, you will easily find the item you’re looking for the next time you go searching. This prevents unnecessary purchases and impulse buys at the store.
Organization Keeps You Sharp With Details
It can be hard to keep track of every detail when you have a lot going on in your life. Sometimes, bills can get lost in the shuffle and go unpaid, or household maintenance gets overlooked. By keeping all of your activities organized, you can get them done in a more efficient manner and you make sure that every detail is taken care of. Mail needs a home, unpaid bills need a home, bill payment needs a process and a place on your schedule, think about the processes you go through and organize them. Never pay late fees because you forgot a bill or run the risk of damaging your furnace because you forgot to add filter replacement to your calendar. You really can tackle all these little life details with better organization.
I love the ListPlanIt website for all the little details. They have a collection of lists that are so helpful. Do you need a weekly cleaning checklist, a fall cleanup or winterization checklist, a coupon inventory, or a car maintenance schedule? They have all of these and hundreds more.
Being Organized Saves Money on Shopping
If you plan out a menu for each month, you can buy many of your groceries in bulk, saving you time and frequent trips to the store. If you prepare a list ahead of time, you can also look for coupons or rebates ( I love iBotta!) that offer savings on the things you plan to buy.
The same applies to non-food items, which can be bought in bulk and stored for later use. Staying organized and keeping essentials stocked up saves you the stress of running out to make a special trip for more. You can also plan out birthday or holiday gifts well ahead of time, so that you can keep an eye out for a good deal AND start saving for bigger ticket items by putting money aside every week.
While it may take a bit of effort (or alot), organizing your life allows you to use your time more efficiently and to take full advantage of your finances. You become the master of your time and money and not the other way around! Not only that, but the more thought-out your budget or schedule is, the less you will worry about them.
Thursday, July 6th, 2017