List of Paperwork to Keep and the Ones to Shred
People tend to keep every single piece of paper that has ever floated into their lives in a hugely disorganized manner. As much as some might be important, some could be introduced to Mr. Shredder. The last thing you want is to lose the most important documents because of too much paperwork around work or office. The good news is that there are countless ways you could get rid of clutter and lead a clutter free life. this article will give you some of the tips and tricks you could take advantage. 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. They include documents like social security cards, birth certificates, death certificates 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. In addition, you will be able to access them easily when the time to use them comes. Documents like insurance policies, loan documents, pension plans and much more should be stored away together in a safe and preferably fireproof place.
Second, there are these that you need to keep the latest versions of for a while. As long as you have a copy of them with you, you will not have to worry. 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 should also consider keeping you banks statements for at least a year. Doing that is important because you never know when such information might be needed. Failure to do so, you might not be able to achieve some of your goals when the time comes because there are situations you will have to provide such information.
In order to be in good terms with your insurance providers, you want to ensure that you keep every page of your medical records and healthcare bills for up to twelve months after making payments.
You are also advised to keep all your latest versions of social security statements, annual insurance policy documents and your retirement plan as well. In addition, it is also advised that you keep any document relating to property sale, renovation, improvement job or purchase for approximately six years after selling it. Doing so will make your work easier in the future as you will know more about what to do.