It’s January, time to shred 2001. At the advice of my accountant, I keep documents 7 years. As I rotate 2008 into storage, I’m reminded of a three part series I wrote entitled “Don’t File Paper at Home Anymore.”
If you are SICK of managing the paper in your house, check it out.
We’ve made one modification to the process this year.
We now throw away all the receipts we don’t need. Why were we keeping grocery store and restaurant receipts? Why were we keeping receipts for household cleaning products and stuff we weren’t going to return?
Many of the expenses we need to track are on our bank statement. We now only keep business receipts. We don’t even need to shred many of them because they don’t show our account numbers.
ahhh. I love getting rid of paper.