THIS WEEK’S ACTIVITY: Getting paperwork under control
If your paperwork is organised and easy to access, it’s far less scary. Here are some things you can do today to get your paperwork under control.
• Separate day-to-day paperwork from the important documents (birth certificates or medical records). Important documents don’t need to be as accessible and storing them out of reach makes them more secure.
• Discard any paperwork you no longer need, like last year’s insurance policy. Make sure you’re aware that some documentation, like tax returns, need to be kept for a certain period of time.
• Scan all documents. Store them on your computer or on a hard drive for backup. If you can, keep a copy in a different location, like a relative’s house, so if there’s a flood or fire at your place, you’ll still have a copy.
• Keep bills stored and clearly labelled for future reference. Labels like MISC or OTHER only lead to confusion.
• Compare bills each time they come in – check for any significant changes.
• Check the transactions that appear on each bill are correct.
• Shred any personal information, such as PIN codes, that you’ve received in the mail.
• Don’t let paperwork build up, deal with it weekly so you know exactly what needs to be paid and when. Allocate a day a month, or a fortnight, to tackle whatever needs attending to.
Remember, you don’t need to tackle everything at once. Pick one thing to organise each week and before you know it, you’ve successfully scaled paperwork mountain - take in that fresh paper-mountain air.
Learn more at MoneyMinded.com.au
For more than 10 years, ANZ, together with a range of community partners, has helped nearly 300,000 people worldwide improve their financial skills through the MoneyMinded program. It's been so successful, we've decided to share a few ideas with everyone.
Each Monday, we'll share a simple, fun tip. So whether you want to learn better budgeting tips, reduce your debt or start saving, check back each week to stay updated. You’ll be amazed what’s possible when you take it one Monday at a time.
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MoneyMinded is an award-winning financial education course designed to help people build their financial skills, knowledge and confidence. Developed by ANZ, government groups and education experts, MoneyMinded has helped thousands worldwide and is still going strong.
Our investment in innovative financial education programs is part of ANZ’s commitment to help build the prosperity of people living in the communities in which we operate. Learn more about MoneyMinded, our community partners and other programs here.
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