Setting up a budget binder is a great way to get your finances organized! Start paying off debt, save money, and get your budget on track with this supply list for your budget binder.
Ready to start building your budget binder? I’ve listed out the common supplies that I recommend you use to put together your budget binder. Many of these are optional supplies, be sure to read about how I use a particular item so you can decide if you need it for your budget binder.
Before you get started, be sure to get your Budget Binder here.
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Are you going to be using the binder strictly for your finances? Or do you use a home management binder, where finances will just be one piece of the binder? What other things might you store in your binder?
How you plan on using a budget binder will determine what size binder you should purchase.
Small Binder (1 inch): Select a one inch binder if you will be using the binder strictly for finance tracking.
Medium Binder (2 inch): Select a two inch binder if you will be using your binder to hold statements or bill paying supplies.
Large Binder (3 inch): Select a three inch binder if you will be using your binder to store paid bills and bill paying supplies.
These are handy to store your bill paying supplies. Keep your checkbook, stamps, address labels, pen, and a few envelopes in here for quick access.
Dividers are optional, but they are helpful to separate different sections of your binder.
For example, you might have a section for budgeting, a section for savings, and a section for debt. Or maybe you’ll want each month in a different section.
Binder pockets are optional. I like to use the pockets to store papers until I am ready to take care of them. For example, I use one in the front of my binder to store bills I’ve received but haven’t paid yet.
You could also get dividers that have pockets so they have a dual purpose.
Envelope pockets are optional, but they are helpful to hold a larger volume of paper.
I use these to hold all the bills I’ve paid. Instead of sorting all the paid bills into multiple files in my filing cabinet (which never happened), all paid bills go in one (or two) of these envelope pockets.
At the end of the year, I empty it into a single file folder labeled Bills and the year. I found this much easier than sorting every electric, gas, and mortgage bill.
Build Your Budget Binder
This list of supplies should get you started in building your budget binder. If you’d like step-by-step instruction on how to use each page of your budget binder, check out the Budget Binder Instructions.