Although decluttering is all the rage these days (who hasn’t attempted to KonMari their closet?), it’s easy to lose the will to get organized when you’re facing a mountainous pile of financial paperwork that’s just been collecting dust in your junk drawer.
In fact, you probably can’t even muster the energy to tackle all those statements, bills and other fine-print-loaded documents until you have no choice, like when it’s tax time or you’re applying for a mortgage. But getting your paperwork in order doesn’t have to be this stressful. Start making things easier for yourself by knowing what’s important to keep and what you can get rid of—and when—using our paperwork purging guidelines below.
Trash in a Few Days:
- ATM receipts, once you record the transaction
- Bank deposit slips, once the funds appear in your account
Trash After 1 Month:
- Receipts for things you bought on a credit card, once you get your statement, unless you need it for a return or a warranty
- Credit card statement, unless it has a tax-related expense on it
RELATED: 5 Easy Steps to Life Without Paper