Dealing with the Paper Piles

Are piles of papers taking over your home? It’s easy to second guess yourself  when trying to decide what to keep and what to shred.

Here are some guidelines to help you make those decisions.
Keep for 1 month
Withdrawal and deposit slips, after checking against your monthly
Bills you paid that you are not writing off on your taxes, after checking against your current bill.
Keep for 3 Months
Receipts for minor purchases such as clothing. Most stores have a 90-day or less return policy.
Keep for 1 Year
Paycheck stubs.
Monthly statements for your bank, credit card, brokerage, mutual fund, and retirement accounts.
Keep for 7 Years
W2s, 1099’s, donation receipts, receipts of personal and business deductions, and any other materials used in your tax return.) Year end statements for bank, credit card, brokerage, mutual fund, and retirement accounts.
Keep Indefinitely
Tax returns.
Receipts for major purchases such as appliances.
Real estate and residence records.
Wills and trusts.
Shred It
Shred everything that has your personal information on it, such as utility bills, monthly statements, paycheck stubs, year end statements that are 8 or more years old, and checkbook carbon copies.

About Basic Organization

Basic Organization provides professional organizing services to busy families, business owners, down sizing seniors and the chronically disorganized. We can teach you the skills to get organized and live a more simplified life. By providing you with ideas, information, structure and solutions to help you regain control of your space, we can cure the chaos in you life!
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