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Red Flag #1: Your Finances are Disorganized

Overdue bill payments, unbalanced checkbooks, late filing of your tax returns...

This type of disorganization can lead to poor credit, bounced checks, quite possibly a tax audit, and more. All disasters for your financial future!

Generally speaking, keeping your finances organized has less to do with real work and more to do with keeping good records. Come up with a system – like a file folder divided by days of the month – to pay those bills on time. Use the same type of file for your tax receipts. Keep track of everything you spend by check or debit card!

If you find yourself drowning in paperwork, check out Which Financial Records Should You Keep? In it we tell you exactly which documents you need to keep and for how long.

Next: You Borrow More Than You Save