Hello friends! Prepare yourself for a lot of words and word vomit to come.
My Finances Section is my
favorite, and most important,
section in my HMB. Like my Food Section, I have 2 subsections within this section. Before I describe either of those, however, I'd like to explain more about how I organize our finances all together.
First, when we receive a bill, I write the due date on the outside of the envelope and pin it to our bulletin board next our fridge. Then, after I mail a check, I write the date I mailed it in on and the check number and put it in the back of my HMB in the document envelope.
Alright, with that being said, I'll explain my Finances Section, starting with subsection 1.
Subsection 1: Managing Money
Important Account Numbers
This is a list of all of our important account numbers. It is pretty all-inclusive.
Bill Pay Checklist
My bill pay checklist has a list of our bills to double verify payment and track changes in price. There is a spot to check if it is auto-pay, what day of the month it is due, and a place to check that it's been paid.
Irregular Incomes and Payments
This (single) document provides space for me to record any extra (or irregular) money made or expenditures. That's pretty much it.
Budget
My budget is actually a 3 month budget. I feel like my income and whatnot changes pretty substantially every 3 months or so this allows me to make any necessary adjustments for the upcoming months. I also think it saves paper by putting 3 months of budgeting onto one page.
Debt & Savings Trackers
This document looks very similar to the Irregular Income & Payment sheet. It allows me to record savings deposits made and any payments I've made on my student loans. I like convenience.
Student Loan Repayment Log
I found a loan repayment log made by The Nest Effect (found
here) but had to modify the format because my loans are not consolidated and have varying interest rates and what have you. Basically, I'm still actively a student and got my loans through Sallie Mae.
Dave Ramsey Worksheets
I typed up a sheet with Dave Ramsey's Baby Steps for a better financial future or whatever. I think they're pretty decent financial tips and guidelines. Following the Baby Steps, I have a copy of his
Debt Snowball form that I intend to use to pay off my student loans when I do finally get a real job.
I also have a couple extra items in this section. I have a copy of my tax return from 2011. I have a copy of all of my MPNs from my grad school student loans at the end. I have a copy of the loan repayment log, receipt, and notice of final payment for my private student loan from my undergrad career. I have a Student Loan Tracker that's an overview of each sub-set loan I have. I also have a sheet with a weekly savings (or what I'm using as a loan repayment) plan to acquire approximately $1400 over the course of the year.
I feel like my Managing Money section has quite a bit of overkill in it but I'd rather have multiple sheets that say I paid that bill than one unchecked sheet that says I didn't. That's just me. I may find a way to streamline my life a bit more in the upcoming months. I guess we'll see.
Now subsection 2.
Subsection 2: Big Investments
Vehicle Maintenance Log
I keep a list of all repairs done on my car, the mileage, the company that performed the service, and additional comments I have about the repairs/symptoms/etc.
Vehicle Maintenance Checklist
This is a handy-dandy reminder of when scheduled maintenance should be performed. Find it
here.
Car Insurance Information
I've only had to file one insurance claim when someone busted my passenger window over the summer. That claim and all information associated with it can be found in this area.
Leases
Finally, a copy of my lease from each apartment I've had while in grad school can be found at the very end. This also includes the stub from my first security deposit, a copy of all rental applications, additional information given with the lease, and information on our service providers. I know that probably seems like odd placement, but when we signed our lease for our current apartment they gave us several sheets with information on local service providers and I figured I'd rather keep that all in one area.
Well, that's all I've got for you today, lovelies. I hope you have a fantabulous Friday!
With Love,
Elli