What it Looks Like to Be Financially Organized

September 25, 2017

what it looks like to be financially organized

Everyone agrees that being financially organized makes managing money a whole lot easier. But how do you know where to begin?

If you’re wondering what goes into being financially organized, you’ve landed in the right place. Not too many people are overly enthusiastic about setting aside time to go through all their financial documents to create a system of organization. That being said, being financially organized can certainly alleviate a lot of the stress and uncertainty that may accompany your financial life.

With a little time and clear direction, you can get your finances organized painlessly. Here’s what being financially organized looks like and how you can start implementing these behaviors today.

The Four Steps of Good Financial Organization

Here are four tips for good financial management. Follow them and you’ll finally have the proper control over your financial life with these smart money habits.

  1. Track Your Spending. A person with their finances in order tracks their spending. They record every dollar they spend, no matter how small the transaction is. Being financially organized requires that you know where your money is going. In fact, once you establish a good cash flow management system, you’re more likely to direct your future dollar bills rather than track them after the fact. This might be the most fundamental practice of good financial organization. Everything else flows from knowing where your money goes on a weekly, monthly, and yearly basis. If you don’t track your spending carefully, it makes it challenging to stick to a budget, reach financial goals, or make necessary adjustments when something unexpected happens.
  2. Live Within Your Means. Financially organized people create a budget and stick to it. They know how much money they have coming in, where it’s going, and maintain a monthly budget accordingly. Once you’ve tracked your spending for two or three months, making a budget that effectively covers your fixed expenses, prioritizes your long-term savings goals, and accounts for short-term needs and wants is much more intuitive.
  3. Automate Finances. When you have a strong system in place to track your money and and live within you means, you can start automating some of your finances. Automating your finances can save you time and streamline your regular activities. Good money managers have a detailed system for paying bills and saving. They can set up automatic bill pay through their checking accounts or credit cards to cover monthly expenses, as well as automatic deposits in to savings accounts toward retirement and other financial goals.
  4. Communicate Often. Lastly, while financial organization may fall to one person to maintain, it shouldn’t be a one-person job. Those who are financially organized are able to communicate often with other members of the household and help keep everyone on the same page.

The Important Job of Financial Organization

Having your finances organized is an important part of managing and increasing your wealth.

If you want to increase your wealth, it’s within your best interest to get your finances in order as soon as possible. It’s amazing what this level of organization can do for your financial well-being.

Good financial organization means knowing where your money is and where it’s going. It also means paying your bills on time and avoiding unnecessary penalties and interest payments.


Now that you know what some of the habits of financially organized people are, it’s time to start following their example. That means starting today, not tomorrow or next week.

If you want the benefits that financially organized people gain by keeping their money in order, then start doing what they do right away. It won’t take long before you begin to see the fruits of this necessary labor. Once you do begin to see the increased wealth and stability that good financial organization can achieve, you’ll wonder why you didn’t start working towards it sooner.

Most Recent Episodes

Can Money Buy Happiness? (Here’s the Truth)

Money and happiness aren’t directly correlated, but they are intertwined. Some believe that once they have a large, pie-in-the-sky amount of money, they will finally be happy. Others are working towards a more specific retirement number they hope will bring happiness....

Passive Income EXPOSED: 3 Ways to Actually Make Money (2022 Edition)

Passive income is a dream for many looking to get out of their 9-5 or just create extra income on the side. In this episode, we’ll break down different ways to actually earn passive income in 2022. In this episode, you'll learn: The easiest and hardest side hustles...

Millionaires Share Their Secrets to Financial Success! (2022 Edition)

It’s that time of year again: our annual Money Guy Wealth Survey episode. We’re back with all-new data for 2022, including new questions. You’ll learn who millionaires are, what they did to get there, and how they built their wealth. In this episode, you'll learn: The...

Dumb Financial Decisions That Americans Make! (Do You?)

Throughout our years of doing the show, we’ve seen more than our share of financial mistakes. Some are more common than others - in this episode, we’ll discuss some of the dumb financial decisions Americans make - and what you can do differently. In this episode,...

3 Things You SHOULD Spend Money On (Even During a Recession)

When is it okay to start spending money on things you want, but may not need? In this episode, we'll discuss when you can start spending money on "unnecessary" purchases, and what goods, services, and experiences are worth spending money on. In this episode, you'll...

3 WORST Types of Financial Crooks (Don’t Get Scammed!)

In the financial world, there are a lot of crooks that try to get into your pockets. From metaphorical crooks selling a bad product to literal crooks stealing your money, we'll cover the different types of financial crooks to watch out for and how you can protect...

Financial Advisors React to NFL Players Spending Their First Million!

Not many Americans will ever make over one million dollars in a year, but professional athletes regularly make that and more. In this react video, we'll see how NFL players spent their first million dollars after making it into the league. As we review their mistakes...

Everything You Need to Know About Real Estate Investing!

Over the years, we have had some great conversations about real estate investing. In this episode, we put together the ultimate guide to show you everything you need to know about real estate investing! In this episode, you'll learn: How to get started in real estate...

The Truth About The FIRE Movement! (Is FIRE Still Possible?)

Since the advent of the FIRE movement several decades ago, we have never experienced a period of higher inflation until now. With the market down over 20% and inflation at 40-year highs, is FIRE still possible in 2022? If it is, what does it take to become financially...