How can I keep records organised?

In this section we want to show to you how you can keep records.

So how can you do that?

• First you should collect all your financial records. Look at the section What different kinds of records exist? to find out more about them. You can keep all your records together, e.g. in a box, in a file or in a drawer. It is very useful if you sort them: for example you can have;

• one folder for bank statements
• one folder for phone bills
• one folder for pay slips, and so on.

If you do this it will save you a lot of time when you start looking for them. If you also sort them chronologically (the oldest one at the back and the newest one at the front) it will be even easier to find them.

Activity: Can you keep your records in order?
In the picture below, along the top you see various records. Each says what it is and the date it was issued. Now sort them into the correct folders below the receipts by dragging them over. They must be in correct date order. When you place a receipt in the correct date slot and folder it will lock into place and the box will shrink around it.

Tip: there are three records that are from the telephone company.
They should go in the same folder.