27 Aug 2012

Money management tips for tough times

Individuals who are having difficulties with their finances and who have decided against using an accountant or financial planner to manage their money will often find it difficult to stay on top of their books while also taking care of their family, working full time and living their daily lives.

A recent article for MoneySense provided some strategies people in financial trouble can use to clean up their money management. The large amount of financial paperwork people have can take days to sort through. For Toronto residents, filing old paperwork away can be made easier by looking into inexpensive storage in Toronto. Here are a few other things people can do to better manage their money.

•Sort paid and unpaid bills: Many people still prefer to pay their bills through the mail, which can make them more likely to pay the same bill twice. By sorting paid and unpaid bills in a filing cabinet, people won't make the mistake of paying the same bill.

•Review bank statements every month: Double checking expenses to make sure they weren't charged for something they didn't buy or overcharged at a certain store can be a good practice for staying on top of expenditures.

As the world grows digital, many are turning to online storage for their documents. However, it's always a good idea to have physical backups. Jiffy Self Storage is a leader in Toronto storage and can provide plenty of space for important files and other items. Those interested in learning more should visit Jiffy's website, where they can enter to win a free iPad 3.

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