[legion]

I have a file cabinet with lots of folders.

After I pay a bill, it goes in the filing cabinet.

I only keep non-financial bills (water, gas, phone, cable, etc.) for a year.

I keep financial bills for 7 years. I review the files once a year and shred as needed. It's about an hour-long process.

Also, I always place new bills in the front of a file, so I only have to go so deep through the back of a file to get rid of stuff.

I also keep mortgage stuff and receipts for big purchases indefinitely.