Spring Cleaning

Spring is in the air, and you know what that means – it’s time to do some serious spring cleaning! But before you dive into tidying up your closet or scrubbing down your kitchen, let’s talk about a different kind of cleanup: financial documents spring cleaning.

If you have been sifting through a pile of old bank statements, receipts, and investment reports that have been gathering dust for who knows how long time to tackle that clutter! Start by sorting through those papers and tossing out anything outdated or irrelevant. For most people, it is advisable to keep tax, banking, and investment-related documents for three years. If you are a business owner or have a complicated tax situation keep items for seven years. 

“Invest” in some sturdy folders or a filing cabinet to keep everything organized. Label each folder according to the type of document – think “bank statements,” “tax records,” and “investment documents.” Trust me, your future self will thank you for this! Also don’t forget to shred any sensitive information before you toss it in the recycling bin to protect against identity theft.

So, grab that shredder, some folders, and maybe even a cup of coffee – let’s get those financial documents in shipshape! Your peace of mind and financial well-being are worth it.

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