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How Long Should You Keep Financial Documents

Family Balance Sheet

Bank Statements - One nice thing (among many) about the electronic age is that banks keep statements online up to a couple of years. Our personal bank has statements online all the way back to 2006. Receipts - Keep until the warranty expires or you can no longer return the item.

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How I Organize My Paper Files and Filing Cabinet

Family Balance Sheet

And I still use a filing cabinet for my office papers, instead of scanning them onto the computer. Although, I don't bother keeping month end statements any more, because our banks have that information on line for the last 5 years. I still keep my favorite recipes in a binder instead of an online recipe portal.

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