There’s a gag on the internet about people receiving their salary and then going broke a week later, unable to account for how the money was spent so fast.

Internet gags aside, it is actually a reality among working folk and students. Everyone has had that one time that they frantically search through their transaction history and try to figure out just where their money went to. Don’t let that be you. Follow these steps to ensure that your finances are organized and up to date.

  • Save first: Many of us still make the classic mistake of believing that we will save after we have spent out of our paychecks. More often than not, there is nothing else left to save after we have spent. This cycle goes on to repeat itself month after month until eventually you never reach your savings goals.

To prevent this, take out your savings as soon as money comes in. Banks have actually made this easier for customers. You can very easily visit your local bank branch and request a certain amount of money be deducted from your paycheck and put in a separate account. This way, the task of saving is done for you automatically. After a while, you won’t even notice the money is missing




  • Hands Off: As kids, we put our money in piggy banks to prevent ourselves from spending the money even if we wanted to. Ths principle can be carried over into your adult finances. As mentioned earlier, your funds can be automatically transferred to a savings account.

To stop yourself from spending this money, ensure that your savings are put in an account that you don’t have a debit or credit card for. That way, if you need to take any money out, you would have to go to a banking hall and actually contemplate if the purchase is important. No more dipping into your savings to buy shoes.




  • Budget: This is probably the oldest but most effective trick in the book. However, it’s not enough to simply write down various amounts for various tasks but to enforce. Designate certain bank cards for certain purposes and put a spending limit for them. For smaller purchases, put the money into envelopes and only spend from there.


There are a lot of steps involved in organizing your finances, but these three should get you started on the road to financial organization.

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