I purchased a 7 tier plastic tower at Walmart (I think they also sell these at Target), and armed with my trusty labelmaker, and advice of my organizing guru mother, I got to work. The bins in the tower are of varying sizes, so I made the smaller bins to hold smaller items such as Bills, Checks, and Stamps. For the larger bins, I made them to hold larger collections, such as recycle and shred paperwork. I also purchased a shredder to put right next to my tower.
*If you have small children, keep the shredder in a room with the door closed, and always leave the shredder unplugged and outlet covers in the outlet when not in use.*
Here are the labels I use for my tower:
- Checks and Stamps. I also put notecards with envelopes and pens in this bin.
- Bills. I put all my bills in here as they come in, and pay them on the 15th or as needed.
- Coupons. I keep most of my coupons in a coupon binder in my car, but I put coupon inserts and printed coupons in here until I can sort through them. I also keep gift cards in this bin.
- To File/Misc. This is for all that random paperwork that doesn't have a home, but needs to be kept. We have instruction booklets, mementos/photos I need to sort through before scrapbooking, and other random things like that.
- Receipts. I try to update my budget every week or two, which includes inputting all my receipts into their proper spending category. To keep from losing receipts, I put them all in here, and sort them by account and category as I update my budget/spending.
- Shred. Anything with our names on it, such as junk mail, the labels on packages/magazines, and bank statement receipts need to be shredded. We empty out the shred bin once or twice a week. You would be amazed how many papers with personal information people just throw away!
- Recycle. Any paperwork that doesn't have your name on it, grocery ads you don't need, or old magazines can be recycled. We empty this out twice a week, right into the recycling bin in our yard.
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