paper work ?
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paper work ?
| Wed, 11-12-2008 - 10:18am |
I want to tackle my filing cabinet this month and I'm not sure how long you are supposed to hold onto things.
| Wed, 11-12-2008 - 10:18am |
I want to tackle my filing cabinet this month and I'm not sure how long you are supposed to hold onto things.
Sarah
http://finallyasurveysitethatpays.blogspot.com/
Sarah
http://marilynmonroeshop.info
I do the same as the above poster. Sometime in January of the new year I purge most of our bills. I know they say after you receive your next gas or electric bill you can shread the old one (b/c your current bill shows a zero balance as reflected from your payment the previous month) but with two little kids I don't have that kind of time so I just purge yearly.
If I closed a c/c or paid off a loan or something I'd hold onto the documentation showing that for a while. Usually its once piece of paper so I would just keep that filed.
Someone, I think it was Peg, posted a couple of links about this quite a while back.
Paycheck stubs I would keep a LOT longer.
I can't find that post right now. I found our "Paper Palooza" posts from last November but that's not where I posted the link(s). I would just google and there will be lots of articles.
I decided after last November's conversations to keep all tax records indefinitely. I keep the final paystub of a year indefinitely and then the paystubs for the past year (shredding the one year old stub each time I get a new one). I do a similar thing with my household bills and credit cards where I keep a folder for the due date month and I shred the ones from a year ago as I file this years. None of those have any tax implications. I finally seem to have gotten into that groove with the new house. I always was a 'put it in a pile and don't file it girl' but the new house set me up with new routines and I have eliminated almost all paper bills so that helps too. I keep all 401k/IRA statements. All of this is in one file drawer for me except the taxes so I'm pretty happy with that level of storage.
Peg