As many of us work from home, we are rethinking how we use space. Moreover, we are evaluating what we need and what we do not. Just like when you go through your closet or food pantry to determine what to keep, what to donate, and what to toss, you need to do the same with your financial life.
Perhaps even more important than what you keep is what you can shred, recycle, or delete. Keeping unnecessary documents and statements makes it harder to locate important information in a hurry. Most of us waste a lot of time trying to find things on our computer and amidst our papers. Getting rid of unnecessary documents frees up precious space in your file drawer and on your hard drive.
Check out the link below for suggestions about what to keep and for how long. Everyone’s financial situation is unique, so it is essential to discuss your plan with your accountant before starting.
