Filing advice

[TheMACHINE]

Just wondering...what bills etc should one keep?

Obviously, mortgage and banking statements.....how bout credit card bills, water, electric, cable etc? Are these items that need to be kept?

Any other docs that are suggested to throw away or keep is appreciated.

And no, i havent gone completely paperless.

[101A]

ANYTHING tax related 7 years, minimum.

Random Bills/etc? I "batch" file everything one month at a time (have a file with a month on it; put everything from that month in, then file at the end). Next year, empty the contents; refill with that same month a year later. So everything is kept 1 year.

[TheMACHINE]

ANYTHING tax related 7 years, minimum.

Random Bills/etc? I "batch" file everything one month at a time (have a file with a month on it; put everything from that month in, then file at the end). Next year, empty the contents; refill with that same month a year later. So everything is kept 1 year.

ok so after one year, you throw away everything not tax related? That month organization sounds good. Im assuming at the end of year, you put the tax stuff in another type of folder?

[coyotes_geek]

Anything mortgage / loan related I keep until it's paid off.

While probably overkill, I keep anything income tax related forever.

For monthly bills I follow 101's approach, but for 2 years.

[coyotes_geek]

I also keep my 401k & investment statements forever.

I guess I'm guilty of being a statements hoarder.........

[PM5K]

I keep everything as PDF's.

a bunch of paper.

[InRareForm]

Fling advice:


hit it and quit it