Organizing your finances in 2016

Getting our finances in order is not always on the top of our list unless we are forced to get them organized, which might be due to an IRS audit, divorce or the need to gather documentation for a mortgage or other major loan. Busy families, in particular, have a lot on their plates and tend to put their financial life on the back burner. This can lead to mistakes in the budget, poor planning and the loss of important papers.

In the Baltimore area, there are many financial planners and advisors that can help with long-term planning, but for monthly bill paying and keeping important papers organized, it's a good idea for individuals to create their own system.