How Do You Keep Financial Records Organized?
It never seems important to keep financial papers organized – that is, until the Internal Revenue Service comes calling! You’ll want those papers at your fingertips, too, if you want to verify a payment or get a loan. Save yourself the panic by getting the job done now. Buy a file cabinet and sturdy hanging folders. Buy manila folders to go inside the hanging folders. Sort all your financial papers into piles and stack them chronologically. Put your bank statements, credit information, bill stubs, paycheck stubs, receipts, tax information, real estate papers, investment papers, insurance policies and statements, loan agreements and any other financial papers in separate hanging folders. Further divide your tax information by year. Include tax returns, receipts, copies of W-2s, 1099s and other pertinent tax information. Divide the bill stubs by the companies they represent. Divide real estate papers by mortgage documents, home improvement receipts, second mortgages and so forth. Put pas
