Context: I’m happy with the progress I’ve made in re-structuring my financial life, but I am continually returning to the question of how to maintain/organize all of the associated paperwork, including pay stubs, paper mail from banks/brokerages, utilities, bills, etc. As of late, all of my hard-copy financial related documents have just been accumulating in a single pile.
I'm wondering what is worth keeping, and if I should buy a filing box and make separate folders for each category. But, each of these have online records, so maybe it’s not even worth it?
A couple related/implied questions:
- How long do you keep: pay stubs (notifications of work-place direct deposits), bills (utilities, etc.), credit card statements, etc.
- Where do you keep those items and how do you organize them?