Paperwork to Keep and Paperwork to Shred
It is human nature to want to keep every piece of important paperwork for future use. As much as you might want to have them all stored in your house, you could get rid of some that are not very important. The last thing you want is to ensure up with clutter and misplace even the most important document in the process. If you are a victim of clutter, you should worry less because there are ways you could make your wok easier. This article is going to give you some of the tips that will be of great benefit to you as you learn more. Here is a list of different paperwork you should pop in a safe and others you could shred for the sake of recycling.
First, you want ensure that you keep a copy of anything that is state related or of federal matter. Such documents include certificates, licenses, title deeds plus much more. You want to ensure that you have a copy of such document to avoid going through a stressful time trying to replace them. Additionally, you will want to access them easily and quickly when the time comes for you to use them. you also want to ensure that you store them in not only safe places but also fire proof if possible.
Second, there are documents you ought to keep the latest versions of. It is important to take note often fact that it does not matter whether you have a physical copy of such documents or you scan then store them in a folder on your computer-as long as you have a copy of them with you. For instance, you want to ensure that you keep all your tax records and receipts for up to seven years just in case the taxman pays you a visit, you decide to join the business world, intend to buy property or even want to take loan for personal use.
You are also required to keep your bank statements for about a year. Doing that is important because you will never know when your financial information might be needed. You do not want to be inconvenienced when the time comes to provide such information.
The other important thing you want to do is to ensure that you keep every page of your medical records and healthcare bills for not less than twelve months after payment so that you are in good books with your insurance provider.
It is also advised that you keep all the latest versions of your annual insurance policy documents, social security statements and your retirement plan too. Additionally, you want to ensure that you keep any document relating to property sale or purchase for about six years after selling. Doing that will be of great benefit to you.