Financial Organizing- Income

Financial Organizing- Income

How to organize money in new year

I’ve been letting you off easy, but today we’re going to start organizing your finances.

Don’t worry, I’ll be gentle.

Today, just focus on the income. By the way, we’re NOT doing a budget, here. We’re just organizing. It’s still the same five steps…sort, purge, arrange/analyze, containerize, and establish a maintenance plan. So all we’re doing today is sorting (or listing) your income.

  • Download the attached budget worksheet, or print it off and fill it in old school…pencil or pen.
  • Where are your current income sources? Write down everything that you currently get money for.
    • Job
    • Part time or second job
    • Hobby
    • Alimony
    • Child support
    • Social Security
    • Allowance from parents
    • Investments
    • Annual bonus
    • Anything else you can think of…

If you have a flexible or variable situation, you might need to go back and calculate an average monthly income over the last year. If you have a seasonal income (perhaps you only work retail during the holidays or work at a summer camp), then you’ll want to plug in that income just during those months.

That’s it. Done. That took way less than 30 minutes, right? Good job! You just did more financial planning than half of the world ever does. Pat yourself on the back. Fight the urge to work ahead. I’ll be back with more tomorrow.

If you actually did this financial organizing step, gimme a virtual fist pump and comment below!

This post is part of my 31 days of 30-minute Organizing Projects. Be sure to subscribe to blog for daily emails with projects you can complete in just a few minutes to start your New Year off right.

New Years organizing projects

2 Responses to Financial Organizing- Income

  1. Again, psychic! I just dusted off mine from 1.5 years ago to update it and share the format with a friend. Yours might be easier…Fist pump chick!

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