You know how sometimes papers just pile up on your desk? And you look at them and think ugh, because you just don’t want to take the time to go through all that?
Well, don’t take the time. Take a few minutes and just deal with one or two papers instead.
Break it down
Often what happens is that the act of starting the task is all I really needed to do to get going and finish it up.
Then there are the times when I have a whole bunch of things to do, but only a few minutes of spare time.
In both of those cases, I’ve found that breaking things down into little five-minute tasks really helps.
Personal finance-related tasks you can do in 5 minutes or less:
- Shred a stack of old paperwork.
- Sort a handful of bills into piles.
- Grab a new file folder and label it.
- Put a previously-sorted pile of paperwork into your newly labeled folder
- Enter today’s receipts into Quicken (or into whatever you use for tracking.)
- Sort today’s mail. Put junk mail in the recycling, and open bills and letters.
- Pay a bill.
- Set up automatic payments for a regular bill.
- Check your account balances online.
- Make a list of 3 things that would help simplify your financial life.
- Close an unused bank account.
- Schedule a date and time to make an appointment with an estate planner. (Or just go ahead and make the appointment now.)
- Add up how much you spent today on junk food. Are you happy with the amount?
- Make a list of things you’ve always dreamed of doing that require money.
- Open an IRA.
- Look over your credit card or bank statement to be sure there are no unauthorized charges.
- Make an extra payment to a debt.
- Send some money to your IRA or savings account.
- Call your insurance to be sure your coverage is still adequate.
Those are just a few examples. There are lots of little things that can be done quickly that will make a big impact on your financial health if you just keep doing them, a little at a time.Posted in Money Management on 11.18.13 with 8 comments.