Quote:
Originally posted by 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.
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Pretty much what I've always done. I started using the expanding file organizers* and marked each tab with the type of document to be stored (credit carsd, utilities, car loan/lease, medical, insurance etc). I'd keep one envelope and put the statement for each month into that one saved envelope...then into the pocket. The one envelope cuts down on quite a bit of bulk.
Now We've graduated to full sized file cabinets.
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