Receipt, housekeeping

Tips in organizing financial papers:

  • Don’t keep receipts that you don’t need. Discard receipts that are not related to taxes (unless it is needed for item return or exchange). Shred ATM receipts after your bank statement balances.
  • Implement a paper flow system to manage your flow of mail and financial papers. Set up stacking tray baskets to receive mail, hold pending papers, and for papers that need to be filed.