Need help getting papers organized
I am trying to keep our documents organized and need some help. I can handle the documents which come in. I check th mail everyday for bills, the rest I do every 2-4 days. I trash junk mail and pay bills. But what do I do after I pay the bills ?
For eg, I sorted all the paperwork I've collected in the last one year. There are credit card statements (2-3 each for my husband and I), utility bills, car loan statements, mortgage statements, car insurance payments, the tons of pounds of 'Explanations of Benefits" from the insurance company (one medical and one dental) and the gazillion bills from doctors offices and labs.
We paid quite a bit for medical expenses last year so I don't know if we may be able to itemize it during tax season. But I know I probably don't have all the receipts for all the co-pays that I paid.
Somone said to trash credit card statements unless I paid off a big purchase. We bought our TV on a credit card, all our home appliances (we moved into a new home recently) and my school tuition (I am grad school)
How long do Ikeep this ? And for things I have to store for 5or 7 years how do I store them? I am so lost and need help.