Of course, these are just general guidelines. Warranties and receipts: as long as the item is under warranty but if used for tax purposes, then keep for 3 years.Insurance policies: at least as long as the policy is active, but ideally for up to 3 years in case there have been any mistakes on past claims.Utility bills: 1 year unless you’ve used some monthly bills as a home office deduction in which case you should keep them for 3 years.Credit card statements: 1 year if you rely on paper copies, 3 years if you use them for tax purposes.Tax returns and supporting documents: 3-7 years, per IRS guidelines.Here are a few general guidelines to help you decide how long to keep paperwork: On the other hand, you don’t want your home to turn into a paper graveyard. On the one hand, you want to keep important documents safe and sound. And although she recommends storing all infrequently used paperwork together, we’d recommend storing things like birth certificates, death certificates, social security cards, and insurance policies in a fireproof safe or document box. Everything else should be thrown out or saved digitally. She divides the papers that are to be saved further into frequently used papers and infrequently used papers. Dealing with papers refers to things like school forms for your children, letters that need a reply, or something that needs to be read (a magazine or newspaper, for example). Marie first sorts papers into two categories: papers to be dealt with and papers to be saved. By taking the time to organize your papers, you can create a more efficient and clutter-free home or workspace. Whatever storage system you choose, the important thing is to be consistent in using it. This can save space and make it easier to search for specific items. Another option is to scan important documents and store them electronically. Papers can be sorted by month, year, or type of document. One way to do this is to create a filing system. The key to keeping paper clutter under control is to develop a system for storing papers. Old bills, school papers, and mementos can quickly take over a home or office. Many people find themselves overwhelmed by piles of paper. Getting organized is therapeutic, isn’t it? Here are 15+ ideas to get you started. Once you get a handle on the paper clutter, you’ll be amazed at how much better you’ll feel. Below, you’ll find creative paper storage ideas for everything from your kid’s artwork and school papers to receipts to scrapbook paper. But there are plenty of clever ways to get rid of paper clutter so that they’re out of sight but still within reach and easily findable when you need them. They accumulate quickly, and before you know it, your desk is buried. Then after you've paid any bills, completed taxes for the year, or want to stow away memorable projects from a member of the family, put it all in a "to file" bin.Storing papers can be a real pain. Put the "to do" paperwork, which could be anything from HOA notices and refinancing options to upcoming school events and other documents that don't need immediate notice, in an individual bin. Starting with the bills, she says to sort them all in their own separate file to track each that needs attention, like utility bills. Lubega sorts each with these labels: bills, to do, and to file. From here, label each magazine bin based on the paperwork type or priority level. She recommends using a budget-friendly cube organizer, such as Threshold's Four-Cube Organizer Shelf ( $50, ), along with magazine file bins, like Project's 62 Metal Magazine Filer ( $13, ), and fabric bins, such as Threshold's Cube Storage Bins ( $10, ), to keep everything in order. In fact, Lubega says this will actually help you track documents that need immediate attention versus ones that you just need to file. One way to aide your sorting process is by creating a filing system.
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