There's no time like the present to get your bills in order — and we've got just the man to help you: our good friend, Peter Walsh!
The organizing expert, who also shared his best tip for sticking to a workout routine, took this question from our audience member Marina:
"I need some help getting my finances organized," she says. "I'm a busy mom, I have three kids, I have a full-time job, and I handle the finances — and I have piles of everything."
If you feel similarly, Peter says first things first: You have to have a system.
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1. Look overall at your finances and see where your money's going. Specifically, look for the automatic payments. If there's anything you no longer need (like a gym membership, if you're someone who never goes to the gym…) lose it!
2. For the things you do want to keep, see if there's a number you can call and negotiate a lower rate. It never hurts to ask, especially if you're a longtime customer!
3. And last but not least, a great tip for taxes: Get yourself an accordion folder with 12 tabs for every month of the year. Every time you get a bill or receipt, pop it in the corresponding month. Then, when tax season comes around, you can just take out the file and pull what you need to fill out your tax paperwork!
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And Peter says you should always keep your receipts for two years. If in two years you haven't pulled those receipts out, then you can feel free to shred them and start that filer fresh for a new year.
And that's not all the organizing pro shared! If you want to travel more this year, Peter has two apps that will help make your travels — and booking your travels — SO much easier. Watch the video below to learn more!