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How Long Should You Keep Financial Documents

Family Balance Sheet

Are your financial documents piled up in the corner of your office or under your desk? However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. Read more about receipts below.

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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. Major Category: Liabilities - My sub-files are Credit Cards, Mortgage, Student Loan, Credit Score Info. Major Category: Taxes - I have a sub-file for each year. I prefer to read paper books over our e-reader.

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