Organizing Your Financial Records

I get a lot of questions about financial statements, the most common of which is, “How long should I keep them?”
Before I say anything else I recommend you contact your accountant and attorney to find out which financial documents you need to keep and for how long.
I have introduced many people to my filing system for dated household papers. The system I recommend reduces the amount of time you spend dealing with paperwork by 50%. This system has two stages:
STAGE 1
The first stage focuses on your active paperwork. This is paperwork you need to do something with other than just file it away. It is still active. For active paperwork, I recommend using a literature sorter or wall pockets. These require just one swift motion to put the paper away. Keep View the rest of this article