The envelope system for keeping financial records is low-maintenance, cost-effective, and easy to implement in little time.
If a cashier doesn’t give you your receipt, don’t forget to ask.
When making online purchases, ensure to print out the receipts immediately.
And before you’re able to organize them, you gotta finalize each receipt individually.
Some receipts have very light ink that fades away once highlighted over.
verify to write a reminder on the receipt itself to reference the extra notes on the next page.
You may have to fold some receipts over so that the batch will fit.
Consider color-coding an envelope for the season or month if that helps you stay organized.
Put a rubber band around the bundle.
At the end of the year, you’ll have all your financial records bundled within twelve envelopes.
Over multiple years, you’ll gather multiple bundles.
Keep your envelope bundles stored in a box.
Keep the box someplace safe and easily accessible.
Over time you may accumulate multiple boxes, which will be easy to stack and store.
And any time you gotta reference your financial records, they’ll be easy to find and access.
It’s ideal to use a visually appealing box that represents your financial goals.
