Post # 1
My DH and I are at odds over this topic – what paperwork to file and save in our house.
I’m a throw it out person – to me, there is zero reason to keep any paid bill after it’s been cleared, no purpose to savings paystubs (um, isn’t that what a W-2 is for?!) and no reason to hold onto old school work or textbooks (a few here and there is fine – but I’m talking three or four large tubs that haven’t been touched in years.)
If he was running the show, we would keep and file the past year (at minimum) of all our bills (utilities, random one time payments, reciepts from parking that are not tax writeoffs, etc). He also wants to keep up to a few years worth of paystubs.
As a second question, out of what you keep, how many files do you truly update? This is the list I have going so far – am I missing anything?
- Taxes (his, mine, and ours)
- Receipts for Tax Writeoffs
- Mortgage Statements
- Mortgage and Loan Paperwork
- Current Insurance Policies
- Yearly Investment Statements
- Auto Paperwork (titles & loan docs)
Anything else you ladies can think of?
Post # 3
I think keeping a few months of bills paid is actually a good idea in case there is some form of discrepancy with your company or sometimes if I’m trying to update what were paying, say our electric on average, it is nice to have those statements to refer to. I think over a year is too much though.
My SO is in a union so I keep pertinent information regarding that. Such as his new union contract, his members card, information on how to contact the union, etc.
I also keep receipts for large purchases such as our television, a new computer or furniture. I bought a television 3 months prior and something went wrong with it and I needed the receipt to show when I purchased the television and to use for proof at best buy that I could get a new one. That’s all I can think of at this moment.
Post # 4
We keep our paystubs, but I am getting tired of it…we can print them out if anyone requests them, so I’m not sure why we do. lol.
We also keep all of our insurance, auto, financial aid, school, and lease paperwork.
Bills are case by case as I have had friends been accused of skipping on theirs only to be save by a receipt or something.
Post # 5
I should mention that are bills are all paid electronically and I can print the statements up to about 3 months worth at a given time. Is it still a good idea to print and jsut save about a year worth just in case?