Welcome to 31 Days to Organize Your Finances. By the end of the month, my goal is to help you have a detailed financial plan for your family. We’ll talk about cash flow, budgets, debts, and all of the nitty gritty of our finances that might not be fun to talk about, but are so important to discuss. Please refer back to the original post for a complete list of daily assignments.
My home office back in 2012:
I had financial papers all over the place back then and it took a snow storm where I was stranded indoors for me to take the time to organize our documents and our filing cabinet.
So much is done electronically now, but we still have paper copies of documents and there are occasions where a paper copy is still needed. Back in 2012, as I was organizing our files, I wondered, What Financial Records Should I Keep and How Long Should I Keep Them For?
So, I searched online for the answers and compiled a list that I originally published in 2012, but it is still relevant today.
Read it here: How Long Should You Keep Financial Documents?
Quick Tip: At one time I used to print any online receipts that came to me via email and filed them away, but I’ve since changed my process with my email receipts. I have since created folders in my email for each year. For example, this year’s receipt file is named, “Home Receipts 2014”. I also have separate files for our business named “CHFC Receipts 2014” and my blog, “FBS Receipts 2014”. This has saved me time and storage space.
How do you store your paper documents? Let us know your process in the comments.