Once your monthly bills are organized, you can set back and relax.

It just takes a little time to accomplish this and it’s worth the peace of mind.

Don’t be late on your bills because are unorganized.

That is no excuse and the companies that you pay would agree. Get organized! Know what and when money will need to be paid.

There are 3 simple steps…

1. List Your Bills

Simply write down every monthly bill. Things like:

  • Mortgage payments
  • Car payments
  • Credit card payments
  • Loan payments

…and anything else that you pay monthly. You don’t have to write the amounts yet, just the title of the bill.

Now write down the due date for each bill. Put them in order from the first bill due to the last bill due. If you are already contributing to investments, savings, or giving, don’t forget to write those numbers down too.

Now write the date it comes out of your account (for payroll deductions, you would put the date you get paid as the due date).

2. Divide by Two

Pick 2 days in the month to pay your bills. The most common days are the 1st and 15th, because those are the usual pay days.

Refer to your list of bills and their due dates, now you will write down when you will actually pay the bills. Using this system, you will pay half or your bills on the 1st and the other half on the 15th.

Bills due the 7th-21st will be paid on the first. Bills due the 22nd-6th will be paid on the 15th.

Add up the amount you need to pay all your bills.

Divide by 2.

Pay half on the 1st, half on the 15th.

Adjust this according to your paydays.

This won’t be exactly half, just try to get close.

3. Download a Free Bill Payment Schedule

This schedule will keep you on track. You can mark each time you pay a bill and you will always know when your bills are due. The best part is that it is all on one page. Here is a sample bill payment schedule.

The goal is to keep this simple and that’s exactly what this form does.

Automatic Payments

The more payments that are automatically deducted from your checking account, the less you will have to do. It’s still nice to have the schedule so you know when money is coming out, but schedule as many automatic payments as you can.

Related: The Automatic Budget

You can schedule investment amounts to come out on the 1st or the 15th to balance out your payment schedule. This is referred to as automatic investing and it is a great way to make sure you pay yourself first, every month, no matter what.

If you are confused about how this bill payment schedule works, just check out the sample below and see if it makes more sense.

Resource: Bill Payment Schedule

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Photo Credit: Deseronto Archives.