30 Days to Organized- Day 9

11 Jan

I needed copies of some old check stubs last night.  I went to the desk where we keep all the important papers and paid bills etc and THIS is what I found: OLYMPUS DIGITAL CAMERAjust a massive stack of bills and statements tossed into a drawer in the desk.  I cannot find anything in this mess!

Ironically, the messy drawer has little metal lips inside so you can use hanging file folders.  So . . .  USE FILE FOLDERS!

We hold onto paid bills, bank statements, receipts etc for 7 years.  I know if sounds excessive but that is the statute of limitations in our state.  You should always hang on to receipts and paid bills, including medical EOBs and insurance payments for the entire amount of time allowed in your state for collections to take place.  That way if there is ever any question as to whether or not you paid, or you received payment . . . you have proof.  Once the window of time is closed- in our state 7 years- you can shred away.

I made a folder for each of the following categories:

  • Bank statements
  • Credit cards
  • Auto
  • Medical
  • Receipts
  • Pay stubs
  • Taxes
  • Utilities
  • Personal

Once the folders were in place, I went through and filed everything, and found 3 more piles of crap that needed to be filed!  But now that it’s all in place, if I need to find something, I know just where to look.





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