Successfully Organize Your Finances in 5 Simple Steps

The following is a guest post about organizing your finances from regular contributor, Morgan from Morganize with Me

In our home, I happily took on the role of CFO from day one. My hubby has his strengths and I have mine. Mine include – charts, graphs, percentages, and numbers. Whereas my husband, David, is SO much better with creative play and telling jokes. (Can you guess who is the “fun” parent in our home!?!)

As the money manager, I have designed a system that helps to organize our finances and (most of the time) stay on budget. Here are my five simple steps to successfully organize your finances.

Successfully Organize Your Finances in 5 Simple Steps at I'm an Organizing Junkie

Step One: Create a Budget

Organizing finances requires a lot of flexibility (so does parenting, but I’ll save that for another post). I’ve tried a few different budgeting programs over the years, but I always go back to Quicken because it works for me. Having a method of organization helps to better anticipate your daily/monthly balance and to see things from a monthly/quarterly perspective. Find a money management system that works for you and make it a habit to live on a budget. If you like pen and paper, I have a Health+Home Management Planner that has a financial section of printables to help with organizing finances. I use the financial printables in combination with Quicken to help manage everything.

Step Two: Categorize ALL Expenses

Quicken, (affiliate Link) Quicken For Mac 2017 Personal Finance & Budgeting Software [Download], allows me to upload all of our transactions, categorize all purchases, and set up a “smudget” (my term for an organic budget). I categorize every purchase we make, but I keep the categories general. For example our “Auto” category can include – gas, maintenance, repairs, payments etc. I don’t like to split things up more than necessary. We have monthly fixed expenses (ie: mortgage, car payment, insurance etc.) and variable expenses (ie: medical, groceries, dining, entertainment.) At the beginning of each month, I set up the proposed amounts for each category and then I tweak the numbers as necessary throughout the month. Life is after all – fluid. By categorizing every expense you are better able to see where you are staying on budget, and where you are not!

Successfully Organize Your Finances

Step Three: Commit to Giving & Saving

I have as many of our monthly payments set up automatically that I can. This is a great way to ensure payments are paid on time and helps to maximize giving and saving. (When you don’t see it you don’t miss it!) I also allocate our giving and saving money right around payday, instead of waiting until later on. Building these amounts into your budgeting and making them automatic, will help you to maintain an increased habit of giving and saving.

Step Four: Curb Spending

When it comes to spending, specifically in the variable categories, David and I each have a monthly cash and clothing allowance. We’ve been doing both of these allowances for years. By putting boundaries around our personal spending, it has helped to hold us more accountable. Furthermore, by setting limits on our spending we are able to better achieve our giving and saving goals. If you don’t draw a line with spending, it can be too easy to just keep on spending.

Step Five: Coach your Kids

We live on a budget and so do our children! I created a system where each month our kids (currently 16, 13, and 10) have the ability and responsibility to manage their own finances. Instead of a small allowance for incidentals, we provide them with a monthly budget (starting at around age nine) that they are responsible to manage. They are each presented with an individual “Monthly Budget” that lays out exactly what they are responsible for and our expectations of them are as well (this changes every year as they receive more money and more expenses to manage). They are responsible for saving 10%, giving 10%, and the remainder 80% is their money to organize and manage. I encourage you to take a proactive approach with teaching your kids how to manage money. I wrote a more detailed post titled, “Why I Don’t Give my Kids an Allowance” – if you want more direction on how we implemented this system.

Organizing finances can be overwhelming which is why I encourage you to work on things one step at a time! Which step do you need to work on implementing? What budgeting tips work well for you? Where do you need to focus specifically when it comes to organizing your finances?

Happy Organizing!


Morgan is the energetic and motivated, but also realistic girl, behind Morganize with Me. She is a list lover, fitness fan, and chaos calmer! Her mission is to share tried and true techniques that she hopes will encourage her readers and clients as they focus on their health and homes. Join one of her Challenges and be sure to check out her Shop full of fabulous organizing printables!

  • *Please note that affiliate links are included in this post to make it easier for you to find what is being referenced.  A small commission is made should you purchase product using these links, but this is at no extra cost to you.  As always, any and all opinions are genuinely my own – or the author, in the case of posts by my guest contributors. Thank you!*
Filed under: Guest Bloggers, Morgan, Paper Organization


6 Responses to Successfully Organize Your Finances in 5 Simple Steps

  1. 1
    Tina says

    Thank you so much for these helpful steps! There are definitely some budget items that need to be discussed and revised in my household.

    • 1.1
      Morgan Elayne Tyree says

      You’re welcome! Budgeting is always needs to be reviewed – good luck!

  2. 2
    Jodi says

    We use YNAB (You Need A Budget) and it has revolutionized our finances. We used to use Quicken but found it too complicated to use for budgeting. YNAB’s main focus IS the budget. I’m not paid to post. I’m just a VERY happy customer.

    • 2.1
      Morgan Elayne Tyree says

      I tried YNAB, I liked it, but still went back to Quicken because I was more familiar with it. It’s all about finding what works for you. I’m so glad that YNAB has revolutionized your finances, that’s awesome!!!

  3. 3
    Rhonda H says

    Hi, Laura,
    Loving this post. Would like to print it off, but it will only let me print the first page. Wondering if there is another location for this article from which I could print it off to read to hubby? ;) Thanks for the great information you give!

    • 3.1
      Laura Wittmann says

      When I clicked on print preview for the blog post it pulled up all the pages for me correctly. Hmmm you could always copy and paste into word as well if you are still having trouble. If you aren’t signed up for my daily emails you can do that too (big pink button at the top of my blog) and then you can forward the posts that you like on to others. Hope that helps!


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