What kind of receipt, documents do you keep and how to organize them?

What kind of receipt, documents do you keep and how to organize them?

I have bills from City Utility, Auto and Home owner insurance (both bills and info, etc), Electric Bills, Tax record, etc, etc, etc.I do keep them in folders, but I start to think what'-s the point of keeping them since I do not use them except started to pile up on folder / space, etc, etc. I was wondering what do you guys do to organize them or if you guys are keeping all of them as record? if so, why?


Utility bills, and House insurance, you needn't keep unless they'rea 'business expense'. (Home office etc.).You might retain the last bill until the next arrives.Same for automobile expenses, (do you have 'business mileage'?)Tax records DO keep, as well as Medical Insurance, (deductable),pay stubs, (compare with 1099s), and any large purchase receipts,(auto etc.), for possible deductions.You do keep bank statements etc. for at least the year.(I use a loose leaf, it's better than a folder, they stay in order that way.)Then put the old year in a big envelope after 'tax time',and save at least five years.BTW: It's a good idea to shread bills with account information.(They can be an 'identity theft' risk.)


I separate by category. House payments, appliances (for warranty use), all power company bills etc. I check some of the files once a year to see if they are still useful.



Popular Q&A

What is the penalty for automobile insurance fraud in pennsylvania?
kyc, For auto insurance the easiest method to get a cheap quote is do a auto policy comparison. Be sure to choose the same coverage amounts, you can get an accurate quote to compare against others. Use the same city/state, car make and model, mileage and driving history to ensure you get an...

Does an auto insurance company have the right to demand a copy of my apartment lease?
It's a violation of the forth amendment to the constitution,Your right to be secure in your papers,

Could I buy an auto insurance without a car?
you can get a insurance policy from some insurance companies. it is a non owner insurance policy. it should cover you in any vehicle that is borrowed or rented. the insurance company we have told us we could do this but it cost more than having a car on the policy. you should call an insurance...

Where can I get car insurance in Colorado (during the wildfires)?
Go to a local insurance company office staffed by full time professionals to get an insurance quote.."E" insurance is the same as talking to a robot or a mindless voice on the telephone. deal with real people and real insurance companies.

I am about to get married. Do I have to notify my health insurance or will they automatically know?
After marriage, you need to notify your health insurance company. They should give you a certain amount of days to enroll your spouse, they will not automatically know. It depends on your insurance when your spouse will be covered, it might be date of marriage or it could be the first day of...