Print Posted by Organized Daily Money Matters on 03/13/2017

Good Financial Health Starts with Healthy Habits

Good Financial Health Starts with Healthy Habits

We all want to be healthy.  Having good health habits will aid in determining our quality of life.  The same holds true with regards to our financial habits.  This month is the time to reflect on how to establish and maintain healthy financial habits.

Most of us know the basics: 

  •  Don’t spend more than you make or have
  •  Pay your bills first
  •  Save for a rainy day

While this sounds easy, life gets in the way of our “plans”.  An unexpected illness, an act of Nature or a divorce may happen and leave you totally unprepared for your future.  Here are a few habits that need to be part of your monthly to-do list.

  • Develop and stick to a budget
  • Balance your check book
  • Review checking account balances each day
  • Review your credit card statements for discrepancies
  • Pay your bills on time
  • Track expenses
  • Be sure to “file” your paperwork: bank & credit card statements, health insurance paperwork, etc.

While life is “happening”, many do not have time to attend to these matters.  In this case, you may want to speak to a “Financial Organizer” to assist you.    

Another important factor of being financial healthy is to have all important documents organized and easy to find.  At Organized Daily Money Matters, this is one of our main services. We compile a binder that is called: “In Case of Emergency ~ My Life Organized”.  This is an invaluable tool which could even save your life!

For example:  A widow contacted us a few years back seeking help with paperwork,   specifically help with finding and organizing information to pay back-taxes.  Her husband had always handled all of the finances and she did not know where to begin.  I arrived to an office filled with bags, boxes and piles of papers!   Since they owned additional property out-of-state, much work needed to be done in order to complete this properly.  What we accomplished was, not only her being able to file her back-taxes, but then knowing where everything was filed, in case she would be audited.  Spread sheets were compiled of all deductions, receipts were saved in an orderly manner & we worked with her CPA to be sure everything was in perfect order.  Once that task was behind us, we began working on a system to be sure she continually worked on this each month and would never get behind again.  One of her main concerns was always having to search for bank statements, health insurance information and really, all important documents.  We then began constructing her “In Case of Emergency” binder.  That was truly what made her feel secure.  She has a friend and a family member who both know where this binder is kept.  If there is ever an emergency, they will easily be able to find out things like:

  • Doctors names, telephone numbers and specialty
  • Medication Allergies
  • Hospital preference
  • Health insurance company, contract number and telephone number
  • Her last wishes
  • Living Will and Last Will and Testament
  • People that need to be contacted in case of emergency

This is just a short list of what we compile, but you can see how important this information is, especially if you live alone.

Please take a moment during the month of April to take inventory of your financial life.  Is it organized?  If not, contact us for a complimentary consultation to see how we can make your life less stressed and more organized.

Here's to your “financial” health!


Deborah has been working with individuals, small business owners, widows and the newly divorced for 16+ years.  Her passion is to help others gain financial and organizational knowledge to enable them to streamline their life and live stress-free.  

Deborah Kapchinske

Organized Daily Money Matters

(770) 367-2412

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