Day 27: Taking A Few Hours To Organize Financial Documents – File Store Trash
Here’s my system for organizing financial documents and other important paperwork. I
like need to keep things simple!
File – (In an accordion-style pocket folder – alphabetically w/ 2 copies – extra copy at my office)
Critical Documents (Wills, Insurance Policies, Car Titles, Tax Returns, Etc.)
Important Documents (Bank Statements, Investment Account Documents, Etc.)
Store – (In medium-sized plastic tubs – stacked neatly in a closet – sorted once every year or so)
Paperwork (Letters, Bill Stubs, Warranty Information, Etc.)
Kid’s Stuff (Report Cards, Art Work, Awards)
Junk Mail, Bill Stubs From Closed / Unimportant Accounts, Etc.
I sort through my documents and I file critical and important documents, using an accordion-style pocket folder. I make two copies of all critical documents and I keep one set at my office. As for how long to keep certain documents – that’s why I use the plastic tubs – I can put two or three years worth of documents in a tub and store the tub in the top of a closet. I don’t have to worry about throwing away documents, because the space these tubs take up is minimal. Every year or so, I can filter through the oldest documents and dispose of the documents that I’m sure I won’t need anymore – receipts for products I no longer own or bill stubs from closed or unused accounts.
Click here for my simple solution for organizing product manuals.
Have ideas for organizing, filing, and storing important documents? Leave a comment and let us know.
Observant readers will note that this series has taken much longer than 33 days. I can assure you, I am blogging as often as life permits.