Marie Kondo Shares 5 Rules to Tidy Up Your Finances
Best-selling author Marie Kondo has a knack for organisation. The author of The Life-Changing Magic of Tidying Up and the recently released Spark Joy knows how to tackle the most daunting of decluttering tasks and how good people can feel after they’ve done so. Kondo applied her organising philosophy to finances, and the result is inspiring. If you need to get your financial fitness on track this year, follow Kondo’s rulebook and you’ll feel more confident and free than ever. Scroll through and practice the magical art of tidying up your financial life.
“My rule for papers is to discard everything,” Kondo tells Forbes. “You should get yourself into a frame of mind where you expect to throw away all your papers. Of course, there are some papers that you will decide to keep, but if you begin with the idea that no papers are necessary, you will be more effective in your tidying.”
Only keep papers that fall into one of three categories: currently in use, needed for a limited period of time, or must keep indefinitely. Do not let yourself keep “just a small batch of papers” without specifically assigning them to one of those three categories. “All great messes begin as small patches of untidiness,” Kondo warns.
Keep a pending box. Your pending box should be large enough to hold papers aligned properly, stood upright, or stored in plastic folders or magazine holders. “You should definitely pick a day and a time during that day when you will deal with the papers in your pending box—do it all at once,” says Kondo.
Open your mail immediately. Discard whatever you can right away. This includes advertisements or donation requests that you will not act on right away. Follow the one-touch rule. If you touch a piece of mail, deal with it then and there or discard it and never touch it again. If you need to keep something for a long time, like your W-2 form, digitise it and recycle the paper copy.
Take a moment to enjoy your organisational success. “Think of how happy and free you will feel when you’re done with that tidying project—so once you are done, you will have much more confidence in your tidying skills and you are then ready to work on the stuff in your home which is more difficult than papers.” De-cluttering your home is difficult as well, but entirely necessary.
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