January’s Just One Thing

If you’re new to BrightDime, welcome! Every month we’ll give you one thing to do, just one thing, that will help organize or improve your finances. It’s a place to start if you don’t know where to start.

We’re keeping things simple in January. Establish a file for tax records. Even though the tax filing deadline isn’t until April, you’ll start receiving tax materials in the mail soon, if you haven’t already. Creating a file for statements is a quick and easy chore that will make doing your taxes later much simpler since everything you need will be in one place. You might also receive some by email, so it’s a good idea to create a digital folder (on your computer’s desktop, in a cloud storage service like Dropbox, or even just in your email).

We’ve got a short article here on what documents to watch out for, but if you don’t have time for that right now just go get a folder, write “TAXES 2022” on it, and put it somewhere you’ll remember. That’s its, that’s your one thing for January.