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Post by dewryce on Jan 22, 2021 0:32:17 GMT
We physically keep 7 years worth of tax returns and supporting documents. All returns have been filed electronically for years so there are also electronic copies going back further than 7 years. The physical ones are kept in my desk drawer. Since they are saved electronically, I don't feel the need to keep them in the safe. Nearly all monthly bills are paid online and I never receive a physical statement. The only paper I keep is related to house improvements/repairs or large purchases (furniture, jewelry, etc). However, I also scan those with Scannable and store in the cloud. Nearly all monthly bills are paid automatically with a credit card and I just make appropriate cc payments each pay period. This is similar to us. I keep each year’s taxes and supporting documentation in a black (for death, ha!) paper folder with brads. Then label the spine and let it sit like a file in a filing cabinet. But at the end of 7 years I do keep the copy of the IRS form, just remove the supporting documentation and combine it with the other forms in another black folder so it takes up less room. I have done the same with all of our bank statements from before we went electronic. (Green for bank statements) Every bil that we can get electronically, we do. I wouldn’t keep the utility bills past when my payment posts and shows on the next statement, unless there have been issues. But we do get a TON of medical bills and those are all paper. And they are always messing up or insurance has a question or...so I do keep them and other misc bills I get in a binder, with alphabetical tabs (staples better), field by company name. And it has come in very handy. Plus one day maybe we’ll get to start deducting for medical expenses again, that’d be nice. This really helped when we needed to keep those records. I will admit the binder is getting g a bit full so I need to go take out a lot of the older bills and shred them. PolarGreen12 I love love love your new profile pic. You always look great, but I find this coloring (hair, makeup, perhaps lighting) particularly flattering. You look lovely. |
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Post by PolarGreen12 on Jan 22, 2021 0:45:38 GMT
We physically keep 7 years worth of tax returns and supporting documents. All returns have been filed electronically for years so there are also electronic copies going back further than 7 years. The physical ones are kept in my desk drawer. Since they are saved electronically, I don't feel the need to keep them in the safe. Nearly all monthly bills are paid online and I never receive a physical statement. The only paper I keep is related to house improvements/repairs or large purchases (furniture, jewelry, etc). However, I also scan those with Scannable and store in the cloud. Nearly all monthly bills are paid automatically with a credit card and I just make appropriate cc payments each pay period. This is similar to us. I keep each year’s taxes and supporting documentation in a black (for death, ha!) paper folder with brads. Then label the spine and let it sit like a file in a filing cabinet. But at the end of 7 years I do keep the copy of the IRS form, just remove the supporting documentation and combine it with the other forms in another black folder so it takes up less room. I have done the same with all of our bank statements from before we went electronic. (Green for bank statements) Every bil that we can get electronically, we do. I wouldn’t keep the utility bills past when my payment posts and shows on the next statement, unless there have been issues. But we do get a TON of medical bills and those are all paper. And they are always messing up or insurance has a question or...so I do keep them and other misc bills I get in a binder, with alphabetical tabs (staples better), field by company name. And it has come in very handy. Plus one day maybe we’ll get to start deducting for medical expenses again, that’d be nice. This really helped when we needed to keep those records. I will admit the binder is getting g a bit full so I need to go take out a lot of the older bills and shred them. PolarGreen12 I love love love your new profile pic. You always look great, but I find this coloring (hair, makeup, perhaps lighting) particularly flattering. You look lovely. Aww thanks you. That made my evening , you’re so sweet. A good make up day and a smoothing filter go a long way. 😉 I took it in the Starbucks drive thru after my drs appt Tuesday. It’s my fuck you cancer, 4 years cancer free pic. 😂😂 |
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kelly8875
Pearl Clutcher
Posts: 4,390 
Location: Lost in my supplies...
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Post by kelly8875 on Jan 22, 2021 1:38:32 GMT
My taxes are electronic, and I don’t save any other receipts or bills. Utility bills can be retrieved online if I ever needed them, or by calling the company. Same with credit cards. I don’t even get very many of them in the mail, I get them electronic.
I am in charge of keeping paperwork and files at work. Perpetual storage for some, 7 years, 3 years, etc. I can also access my W-2 since 1996 at any moment there if I would need it, lol
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Post by mrssmith on Jan 22, 2021 3:35:50 GMT
I also do all paperless billing. I am on a kick to scan in as much as possible, usually with Genius Scan on my phone, which I can then just upload to my Google Drive files. I had someone do my taxes last year, and it was all remote, so I only have an electronic file. I'm redoing my office and planning on scanning even more. I love being able to just find a document on my phone!
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