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How Long Should You Keep Financial Documents

Family Balance Sheet

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. Any bills for big purchases like jewelry, appliances, computers, etc, should be kept permanently for insurance and warranty purposes.

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How I Organize My Paper Files and Filing Cabinet

Family Balance Sheet

Major Category: Home improvements - I keep a sub-file for each major improvement project where I store the receipts, contracts, warranties, contractor information. become a fan and 'like' FBS on Facebook. Major Category: Liabilities - My sub-files are Credit Cards, Mortgage, Student Loan, Credit Score Info.

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