The Cost of Clutter

Today’s guest blogger is Melissa Sorensen, a professional organizer, and a daily money manager. Starting this month, Insightful Solutions will offer a subscription-based article service. The topic for March is Security: protecting against identity theft.

The Cost of Clutter – Pricey

The cost of clutter, both in terms of money and space, goes hand in hand. How much money is wasted on clutter?  Let’s discuss this.

Having lost your electric bill, you ended up paying late and now owe a service charge.

Did you file a tax extension, only to realize you are actually due a refund?

At the end of the day, before your clutter is cleared and a bill payment system is set up, you are simply burning money.

Defaulting on your credit card payment will not only result in a late fee on your next bill, but your interest rate will also increase since you are now considered a credit risk.

Generally, credit card companies charge a $25 late fee. If you’re late paying four times in a year, you’ve wasted $100.

Bounce a check due to not balancing your checkbook? Another fee from the bank will be assessed.

Clutter and disorganization are costly. Share on X

Other common ways people end up wasting money due to clutter are:

• Gift cards and gift certificates are misplaced.
• Paperwork is not filed for a rebate.
• An item needs to be returned to a store, but the receipt is misplaced. Now you own a shirt that is too large and will never be worn.

There is hope for saving time and money. The first step is to hire a professional organizer to assist with clearing the clutter and organizing your paper. The next step is to hire a daily money manager to set up a bill-paying schedule as well as assist you in compiling tax documents for your CPA. A little money upfront for these services saves hundreds of dollars each year and ensures you have an excellent credit score. Our services also provide peace of mind. And that is priceless.