Summary
Shred Old Records--You can organize the clutter by throwing away documents that aren't needed anymore. ATM or credit card receipts can be thrown out if they match your monthly statement and if they are not needed for tax purposes. Paycheck stubs aren't needed once you get your annual W-2. Furthermore, tax returns older than seven years can be thrown out (just check with your accountant first). You should also shred old credit card and loan offers.
Ditch the Shoebox Method--Tossing all of your receipts, records and bills into a bottomless pit increases the chance you'll pass them over or forget to pay them. Use files or stackable drawers and label each creditor. This will decrease the chance you'll forget to send in rebates and credit card rewards. Moreover, file all of your tax-related information separately. You don't want to be scrambling for a year's worth of documents minutes before filing your own taxes or visiting an accountant.See the full content of this document
Extract
Organizing Your Finances
PHOENIX, Ariz.-- Spring cleaning should go beyond the mops and brooms. Arm yourself with folders, labels, and gather your bank statements.
Mike Sullivan, director of education for T...See the full content of this document
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