What do you wish you would’ve known when you were younger? Everyone has something—most people have a whole list. When you’re just starting out, you make decisions based on your limited knowledge of the world and learn from the consequences. But what if you had a little help? That’s where On Your Own comes in.

A New Generation of Artists Proves They Don’t Have to Starve (or Sell Out)
Latest Post:September 17, 2014

Making Art and Making Money

A New Generation of Artists Proves They Don’t Have to Starve (or Sell Out)

10 Basic Steps

2 Financial folder to help you stay organized
Get Organized

Make Time to Manage Your Money

An important step in achieving a financially fit lifestyle is to get organized. This requires managing not only your financial documents, but also your time.

During the next month, dedicate time each week to thinking, talking, and learning about money management. Consider financial planning to be part of your normal routine. Just as you would schedule time to go to the grocery store or visit the gym, you should also plan time to maintain a healthy financial life.

Commit 30 to 60 minutes each week toward financial planning. Talk with your spouse or partner about working on your plan together.

Organize Your Financial Documents

Becoming a stronger money manager requires that you know, or can obtain, detailed information about your financial situation. If this information is not at your fingertips, you need to collect it and create a filing system to keep it organized.

Some of the documents that you should keep in an easily accessible fireproof box at your home include the following:

  • Bank statements
  • Credit card information
  • Investment information
  • Insurance policies
  • Tax returns
  • Wills (you may choose to have your attorney keep these) 

Some important financial papers should not be kept at home, but instead in a safe deposit box at a bank or credit union. They include the following:

  • Birth certificates
  • Death certificates
  • Marriage license
  • Divorce papers
  • Military discharge papers
  • Copies of wills

For more information about organizing your financial documents, visit our Resource Library