Day 3: How long should I keep paperwork for?

So…this is one that I am super duper guilty of, that is not asking this question, and therefore never
throwing paperwork away. 

Like, I am fairly certain I still have my ticket stub from Madonna’s Virgin Tour, yes it was quite a while ago.

And a cancelled check for something.

And bank statements, so many bank statements.

If this sounds like you even a teeny bit, this awesome printable from Clean Mama will help us both out!

 

http://www.cleanmama.net/wp-content/uploads/2013/08/How-Long-Should-I-Keep-It-For-Clean-Mama.png

I am loving this!

I have this printed out and am putting this awesome free printable to use right now, organizing
one file and drawer at a time.

Alright, that’s 3 days in to a month of ideas, DIY’s, recipes and tips to save money, and try getting our
year off to a great start the thrifty way!

If you missed the last few posts for our No/Low Spend Challenge here they are:

Day 2: Enchilada Quinoa Casserole

Day 1: Pantry + Freezer Inventory Printable

http://www.cleanmama.net/wp-content/uploads/2013/08/How-Long-Should-I-Keep-It-For-Clean-Mama.png

Have a wonderful & blessed day friend!

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5 Responses

  1. Hi, I do believe this is a great blog. I stumbledupon it 😉 I’m going to return yet
    again since i have bookmarked it. Money and freedom is the greatest way to change, may you be rich and continue to guide others.

  2. I still have bank statements from 2008 in a box under my bed, so this post speaks to me on a deep level. The fear of throwing something away that you might need someday is real, but that guide is a lifesaver. I finally went through my files and realized I had kept receipts for a toaster I replaced five years ago. The rule of thumb I use now is: tax-related documents for seven years, utility bills for one year, and everything else gets scanned and shredded. Going digital changed everything for me. I now scan important documents as soon as they come in, label them clearly, and store them in a secure cloud folder. It takes less space and I can find anything in seconds. I also realized I was keeping a lot of paper copies of things I could just access online anyway. One thing that helped me let go was learning that most banks and credit card companies keep statements available for at least seven years, so you do not need to hold onto every single piece of paper. I had to send a fax recently for a rental application and used an online service instead of buying a machine. It reminded me that even official documents can be handled digitally now. My advice is to start with one drawer and work through it slowly. You will be surprised how much you can safely let go.

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hi there !!

Welcome to twelveOeight! I’m Tanya and I am so glad you are here. If you are ready to start loving the home you have now, then join me on my mission. One thrifty project at a time we can make our today homes our dream homes.

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