Hi and welcome to my super fun world this week – purging, organizing and shredding the contents of our overstuffed filing cabinet!! Who wants to come help?? You know you do!! I have
So tell me, do you have a system for doing this extraordinarily joyous task??? I have tried lots of things over the years as far as incoming mail, monthly bills, and long term household paperwork storage. Somehow, even though I have a love affair with the recycle bin, I still end up with piles upon piles of saved documents. Over the years we’ve bought and sold 5 houses and refinanced a bunch of times, opened and closed credit cards, and bought, used and disposed of many an appliance or gadget whose manuals I have held onto every.single.one. The time had come.
I consulted this Consumer Reports guide to decipher what to keep and what to toss and thought I’d share some snippets with you, in the event that one of your new year resolutions was get more organized at the old homefront!
Keep for a year or less and then shred:
- Bank deposits and ATM receipts (keep until you reconcile with monthly statements).
- Credit-card bills (unless you need to prove a charitable deduction or warranty).
- Insurance policies (keep until your new policy comes).
- Monthly investment statements (shred when new statements arrive).
- Pay stubs (keep until you reconcile with your annual W-2 form).
- Receipts you’re not using to itemize tax deductions or return merchandise.