Record Retention Guidelines
Thanks for visiting Ultimate Money Blog! If you’re new here, you may want to subscribe to my RSS feed. Does your desk look like this? A lot of the time I feel like mine does! A lot of my problem is that I don’t know how long to keep records. I know that there are guidelines out there, but do you really follow them? Here’s what I generally do for record retention: Utility Bills: I shred as soon as I pay the bill if I receive a paper bill. I used to hold onto the bills but then I realized that I had proof of payment once it posted to my checking account. If there ever was a discrepancy, I could provide the bank statement as proof. Bank statements: Even though I am a pretty self proclaimed “greenie”, I still receive paper bank statements on our main checking account. I know that if I ever needed a bank statement and I didn’t have it, I can get it (usually it costs $5). I’ve been keeping bank statements for 7 years. [...]
[ Read More → ]









