Organize, De-Clutter, Maintain Sanity
FINANCIAL FILES
*I am assuming that my previous blog today was read before this one.
This post will finish up with the financial file drawer*
Finances is my greatest despair. I have been known to get hysterical just assembling W-2s and 1099s for my tax man. However, I have a filing system that helps keep papers in order.
READY?
Here goes:
Alphabetically arranged fundamentals
Hanging FILE with Sub-Folders:
AUTOMOBILE
Insurance & Registration
Maintenance
Fuel reciepts (optional)
(Pink slips are kept in a fire-proof safe)
BANK ACCOUNTS
Separate folder for each bank (for transaction receipts, etc)
CREDIT CARDS
Separate folder for each credit card (holds statements, cards, user names)
INCOME
Separate folder for each type of income
Mine includes:
Retirement
Social Security
eXtra income (like tutoring, craft sales, etc.)
Tithing & Charitable Contributions
INVESTMENTS
Separate folder for each stock, IRA, etc.
HOUSE
Home Insurance
House Taxes
Mortgage {Deeds are filed in a fire-proof safe}
HOME MAINTENANCE
Home Improvements (includes receipts for remodeling , updates & other improvements)
Lawn & Garden
Pool Maintenance
Plumbing & Electrical
Pest Control
MEDICAL / DENTAL
Health insurance [medical & dental plans, Medicare, etc.]
*Note: You may want to have a separate folder for each person in the household.
Chiropractic (My personal favorite)
Dental bills, invoices & records
Medical bills, invoices & records
Vision records
PERSONAL (aka General Household)
Clothing
Food & Household (cleaning/maintenance items)
Toiletries
Gifts (birthday, Christmas, including cards)
Miscellaneous
Office supplies (printer ink, paper, etc.)
UTILITIES
Cable
Cell Phone
Electric (may include water and city services)
Gas
Internet service
TAXES
Income tax forms
Tax service information
Last year's tax return
(After taxes are filed I box up all receipts for that year, label the box and shelve it for seven years.)
There you have it.
Next installment: What to do with warranty info and receipts for appliances, etc.