Best Tips for Organizing Your Finances in the New Year

Best Tips for Organizing Your Finances in the New Year

Ways to Organize Your Money Based on Your Personality

Everyone these days is looking to save money by being organized, from homeowners to motorists to the high-net-worth individual. Unfortunately, not all the money advice you read necessarily applies to your personality. Different types of people need to utilize different strategies. Whether you’re a perfectionist, a procrastinator, or a stockpile of needless paperwork, here are a few tips to organize your finances based on your personality.

The Stockpiler

If computers and digital data were suddenly wiped out, stockpilers would be well prepared for the paperless mayhem. They keep piles of receipts for months and print out bank statements and utility bills. If this sounds like you, it’s time to get your hoarding tendencies under control. To get organized, only keep essential documents and shred the rest. Opt to go paperless and stick to it! You can even download online statements and bills and save them on a USB so that you have backups at the ready.

The Procrastinator

Procrastinators intend to keep their life organized – just as soon as they’ve finished an arm-long list of things to do. This personality tends to complete tasks at the last minute. Does this sound like you? Putting off your finances can lead to late payments, stress during tax time, and missed investment opportunities.

A smart strategy moving forward is to reframe how you think about certain tasks. If you hate the thought of organization, make it fun! Sit in a comfy chair, put on your favorite music, and reward yourself once you’re finished. If you like doing something, you’ll be less likely to put it off. 

The Perfectionist

If you’re a perfectionist, you’re motivated to put things in order and keep a list of what financial tasks you need to do – but your control-freak tendencies can also shoot you in the foot. If you don’t do everything flawlessly, you might keep putting it off until you have time to do it perfectly. Start to create firm boundaries so that you don’t keep pushing back the deadline. In addition, break down monster tasks into small, bite-sized chunks so that you move forward one step at a time.

For more tips to get your finances in shape, whatever your personality, contact the team at Lamburt Corporation Insurance today! We can help you secure reliable insurance policies to suit your needs and budget.