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There are two primary methods or bill organization; manual and systemization. There are benefits and disadvantages of both methods for how to organize bills. While you can certainly develop a manual system to collect, pay and track your bills, most individuals find tremendous advantages with a bill organizer system.
Once tax time rolls around, you will be glad you organized those tax documents and receipts so they're easier to find and use! Cash/Check/Credit/ Date/ Check number/Purpose of expense/Amount. Organizing tax records and receipts is a necessary evil that some people do better than others. But if you think of keeping records as saving money rather than something boring to do, you'll be more motivated to keep track of various pieces of paper.