Losing track of monthly bills is a costly mistake in more than one way. Not only do you end up paying late fees, you also run the risk of damaging your credit score. Creating a bill-paying organizer with a payment list is one of the best ways to track your monthly bill payments. A bill-paying organizer keeps all of your bills and payment records in one place. This way you can quickly determine what bills you paid and which bills are due.
Gather documents, such as statements and receipts, for all your typical monthly bills. Don’t forget any bills that you receive through email or bills that you have set up for automatic pay.
Organize the bills by payment due dates. Start with bills due at the beginning of the month. Count the total number of bills.
Open to the first page in a notebook. Put a title centered on the top line, such as “Bill Paying Organizer.”
Skip a line. Write “Month:_______ Year:_______” on the left side.
Move down to the next line. Create a table using a ruler. Make seven columns and enough rows equivalent to your total monthly bills, but add four additional rows. These extra rows are for column titles and bills that might only come up in certain months.
Insert column names on the top row, such as “Due Date,” “Payee,” “Amount Due,” “Amount Paid,” “Date Paid,” “Payment Method” and “Comments.”
Fill out the bill details in the monthly list as you receive them. Put your unpaid bills in the folder’s front pocket. Move paid bills to the back pocket. As you pay the bills, record the details of the payment in the organizer.
Place the notebook inside the pocket folder. Keep in a handy location. Check the organizer often for bills due.
Items you will need
- Financial records
- Two-pocket folder
- Word processing and spreadsheet programs such as Microsoft Word and Excel offer free, printable monthly bill organizers available for downloading.
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