Thursday, November 27, 2008

Decluttering the File Cabinet

Keep Long Term:

One copy of your resumes; diplomas and certificcates; school transcrpts; receipts for car repairs and large purchases; mortgage and real estate documents; home-improvemen records; annual statements of stocks, bonds, mutual funds, IRA's or 401(k)s; and legal ducuments (leases, trust papers, etc).

Keep Seven Years:

Tax returns, bank statements, canceled checks and credit card statements.

Keep only the most recet:

Paycheck stubs, utility bills, mortgage payment, mututal fund prospectus, insurance policy. As you file the latest, throw out the last.

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