This is the time of year to get your finances organized! That
way you can have a plan for the year, and can get ready to prepare your tax
returns. This is not an article on how
to save money, or where the best place is to invest your fortunes. Before we
can think about heading in those directions, we need to know where and what our
current finances are. Here are some tips
on getting your finances organized.
Where is my Current Money? Jot down where all of your accounts are and their current balances. These accounts include savings, retirement, trusts, loans, credit cards, mortgages and medical debt. Share this information with your spouse or another responsible family member. Then if something happens to you, someone else knows where your finances stand.
What is my Monthly Income? When tallying your income, remember to account for dependent care reimbursements, child support, social security, rental income and your income from your job. I like to think about my income after benefits and tax income (the income that is available to live on). This helps to put in prospective what I have to spend.
Make a Plan Reflect on the last year or the last month. What where your expenses? Be honest. Then you can look forward to what expenses you will have in the coming year. Be honest. If medical expenses were $5,000 last year, will they be similar this year?
Divide Your Money
into these Four Categories:
Fixed –These are the monthly expenses that are probably not going to change. They may include housing, utilities, medical, food, tuition, etc.
Philanthropy – This is the money you plan to give each month. This can include religious contributions, charitable giving, capital campaign commitments and pop up fundraisers (think neighbor kid raising money for the class trip to Washington DC, or the Scout selling wreaths).
Future – This is where you plan for your and your family’s future. This may include retirement, savings, college savings, etc.
Fun – This is the category that we all live for. This could include traveling, movies, sporting events, dinner out, golfing, gym memberships, a photography class, and so on.
Simplify Your Spending Consider using a cash only system or using one standard credit card for your purchases. This makes tracking your spending (and debt) simplified by having one platform to review your spending. Knowing where all your money is and where your money will go, will help you to get a grasp on getting your money organized. There are great apps available to assist you with budgeting and tracking where your money goes. Mint, Wally and NYAB are popular apps that are user friendly.
Organizing your money will help you to make better decisions when unexpended expenses or fun opportunities are presented to you.
An organizer can help you determine where your money is and detail where your money will go. See if Top Shelf Home Organizing can help you on your journey. Contact Jayme to schedule a consult or chat about organizing.
Giving experiences does not have to cost a lot of money or put you into debt. An experience can be as simple as an afternoon in the park, inviting someone into your house for a homemade dinner or going for a hike together. No one wants you to go broke purchasing material gifts for them.
2. Make Memories
The memories created when you spend time one-on-one with friends or family are kept forever. The anticipation alone of an experience can bring much more joy than a material gift. They are not tangible like a bottle of wine or a set of decorative towels that will soon be used up or packed away into storage.
3. Quality Time
Time with a loved one brings you closer and allows you to focus on the relationship you hold dear. Friendship is spending time together listening, learning and helping. Memberships, lessons and outings together are great quality time.
4. Less Stuff
Material gifts soon find their way into storage or are left to feel more like clutter. Toys are left on the floor to be tripped over and pieces lost. Eventually, a material gift can add stress and burden to the recipient.
Still not sold on the idea of giving an experience instead of a material gift?
Start slow. Consider a fun photo frame to give with the experience so a photo of them enjoying the experience can be placed in the frame. Create a memory book of the past year’s activities, outings and experiences. Give a puzzle or game that you can play with your friends and family. These options still give you the opportunity to spend time and create memories together.
Have fun and enjoy making memories. If organizing and planning are overwhelming, a professional organizer can help. See if Top Shelf Home Organizing can help you on your journey. Contact Jayme to schedule a consult or chat about organizing.
Take some time to organize your holiday décor this year. You likely have décor and ornaments that you have in storage, but typically don’t display them. Here are some tips on getting them organized.
Get all the ornaments and décor out from storage including the attic, basement and storage unit. Then, unwrap, touch and hold each piece.
Sort each piece into groups:
1. Use this year – I love these decorations.
2. Not going to use this year – I am keeping it simple this year, but love these decorations.
3. Not going to use this year – Actually, I never want to use these.
4. Not going to use this year – Family heirlooms, I must keep these forever, but will never use.
After the sort is done, plan for storage. Allow storage space for the décor and decorations you will use this year. Then, carefully pack up the family heirlooms that you want to keep, but will not necessarily display often. Lastly, take careful considerations to remove the items that do not bring you joy.
Have fun and enjoy this process. If organizing your holiday decor is overwhelming, a professional organizer can help. See if Top Shelf Home Organizing can help you on your journey. Contact Jayme to schedule a consult or chat about organizing.
The cool weather is here and it is time to organize your fall and winter wardrobe. Here are some basic steps for refreshing your wardrobe for the cool seasons ahead.
1. Pack Away Summer Items
Take all spring and summer items out of your closet and dresser. Have all your items cleaned before placing them in storage. Moths love food remains and sweet smelling scents. Use storage containers that will allow air to flow. You don’t want to trap any moisture into the fabrics by sealing up your clothing in plastic bags and containers. Store the clothing and shoes away from your fall and winter shoes and clothing. Storage areas could be an extra closet, basement, attic, or simply in the back of your closet.
2. Organize Fall and Winter Items
All fall, winter and year-round items should be pulled out of your dressers and closets. You will want to sort items into categories; piles of pants, tops, sweaters, shoes, scarves, etc. Take some time to assess what pieces serve you well, what pieces can be removed and what pieces should be replaced. Before returning the items to your closet and dresser, neatly fold and hang them. If any items need cleaning, take care of this so your wardrobe is clean and ready for the season.
3. Remove Items
This is a great time to assess your wardrobe. Donate and consign items that no longer serve you. Women’s centers are always delighted to take in clothing. Consignment sales, such as Divine Consign, are a great way to recoup some of your investment, and purchase items to complete your current wardrobe.
4. Replace Basics
Replace items that are stained, stretched, faded or no longer fit. Adding some fresh new basics to your wardrobe can make seasonal favorites feel fresh and new. This is also a great time to update undergarments and socks.
If wardrobe changeover and organizing is overwhelming, a professional organizer can help. See if Top Shelf Home Organizing can help you on your journey. Contact Jayme to schedule a consult or chat about organizing.
Fall brings the feeling of nesting for us all. The season change and a cold winter ahead has us planning and preparing. Getting a start on fall organizing will make your fall more relaxed. Here are some things you can do right now to prepare.
With any organization process, the key to cleaning is clearing away the clutter.
Spread everything into your driveway, to go through everything you’ve piled into the garage.
Group by use such as toys, tools, garbage and equipment.
Get rid of anything you haven’t used in two years.
Get rid of anything broken, or otherwise considered junk.
Buy hooks and shelves to get as much as you can off the floor. Storage is important. Peg boards, wall shelves, rolling carts and wall hooks should be used whenever possible.
Buy clear bins with labels to help keep smaller items organized and easy to find when needed. Consider open bins for toys and equipment that are frequently accessed.
Mark areas where items get stored such as labels on the walls and shelves, and painter’s tape on the floor.
With your outdoor areas packed up, you can enjoy the cooler month’s guilt-free and tucked indoors.
Take care of and pack up your outdoor living items.
Clean any pieces you plan to store: cushions, hammocks, umbrellas.
Stack patio furniture and cushions, and store in your garage or on a covered porch. If you don’t have the room, you can leave furniture outside with heavy-duty waterproof furniture covers. These will stand up to winter weather and keep everything protected. Most granite pieces can withstand the elements so you can leave those alone, but softer stones like cast stone, marble or manufactured stone should be either covered or moved.
Clean and cover your grill, but you don’t need to pack it away. Keep your grill available for grilling all winter.
The beginning of fall is the perfect time to prep your lawn for a lush spring. You won’t be planting any new plants, but you’ll want to prep your green areas for the impending cold. And cooler temperatures mean you won’t be boiling in the summer sun while you work outdoors in the yard.
Reseed any bare spots in your lawn and use a winter fertilizer that builds resistance to the cold.
Prepare for the fall and winter by fertilizing, mulching and pruning shrubs and trees.
Always rake fallen leaves.
Plant bulbs for spring flowers.
Pull out summer entertaining items and outdoor dishes to free up space in your cabinets and countertops.
Clear the pantry of summer convenience foods.
Before your next trip to the grocery store (or delivery), empty the refrigerator. Toss items that are expired.
Wipe down all shelves and walls of the refrigerator.
Inventory what food items you have and plan some meals around those items.
Jot down some favorite fall meals to make your meal planning a bit easier.
Enjoy the cooler weather. Remember to take your organizing journey one step at a time. Focus on what matters and what will have the biggest impact for you.
If finding the time and creating a strategy to organize is overwhelming, a professional organizer can help. See if Top Shelf Home Organizing can help you on your journey. Contact Jayme to schedule a consult or chat about organizing.