Scrap the Paper and Go Paperless

  • The accumulation of documents like bank statements, bills, receipts and more can cause unnecessary stress and paying bills by check can eat up a lot of your precious time. Fortunately, it's easy to streamline your home office by going paperless and initiate an online bill-paying system. The payoff to this modification is vast. Below are some reasons to go paperless and how to achieve this new lifestyle.

    What are the benefits of a paperless lifestyle?

    • Be environmentally friendly and reduce the demand for paper and other natural resources. The average American receives 41 pounds of junk mail per year. Almost 50% winds up unopened in the landfill. Fiserv, a financial services technology solutions company, estimates if every American household was paperless, it would reduce solid waste by more than 800,000 tons a year and save approximately 18.5 million trees.

    • Deter theft. You don't have to worry about sensitive information being stolen in your mailbox paperless pay, home or office. Instead, your statements/invoices will be protected by a username and password and any additional security you have placed on your computer.

    • Ability to access your information promptly. Digital files make it easy to audit and search information. An e-based online storage system keeps all your files in a single secure location and allows you to search for sensitive information with the click of your mouse. No more digging through paper files and folders.

    • Spend less on paper checks. Paying your bills online can save you approximately $30 per year in the use of paper checks.

    How to go paperless at home

    Sometimes the undertaking of going paperless can be frustrating. Transitioning requires patience and commitment and your plan must be pertinent to your lifestyle. Review these strategies and choose the ones that work best for you.

    • Opt out of junk mail. Reduce the amount of unnecessary mail you receive by opting out of junk mail and catalogs. There are many services that can help you manage the influx of mail.

    • Sign up for E-Statements. Sign up to receive electronic bills and bank statements. You can do this on each company's website. It may take a lot of time to set up your online accounts but you will immediately see a decrease of unwanted mail coming into your home.