Feb 18 2010
8 Simple Tips to Organize Your Finances
RISMEDIA, February 18, 2010—Preparing to file your taxes provides a great opportunity to get your financial life organized. Not only will it help you save time, it can reduce stress, help you stay on track to meet your financial goals and improve your long-term financial outlook.
“While you’re pulling together information to file last year’s taxes, note which categories have the most activity,” suggests Mechel Glass, director of education for Consumer Credit Counseling Service (CCCS) of Greater Atlanta. “Make specific folders for such items as out-of-pocket medical and drug costs, work-related expenses such as mileage costs that are not reimbursed and educational costs.” Designate one location for all tax information and keep up with filing regularly. Next year, the tax preparation process will be much easier because all the records and receipts have been kept together.
CCCS offers the following tips to help consumers organize their financial lives