Wonder Woman is incredibly organized: she writes lists of things to do each week (often revising them daily), never leaves clutter for more than twenty-four hours, and has an unwritten rule, which I will write here, to throw away anything that you haven’t looked at or used within the last two years, unless it has real or sentimental value (sorry clutterbugs). Her habits seemed so relevant this morning as I went though stacks of papers in my office, (I subscribe to the philoshopy that “neat piles” of stuff = clean), and resolved to at least 20 minutes of daily clean up and filing before my office move at the end of the month. After about 30 minutes (10 more than I bargained for), I felt that hardly a dent had been made. Besides this feeling of futility, as I filed paper after useless paper, I started to ask myself: “why am I keeping all this stuff?” Most of it is available online, from bank statements to health insurance reimbursements, employee evalutations, emails with presentations, share point document libraries (with current versions of tracking sheets). Just what is the point of paper files in a digital world?
From Yahoo Answers:
Some things you should keep forever — tax return; loan paperwork, expecially the paid in full part; financial settlement paperwork; last statement of closed credit card or similar accounts.
Some things you can trash after a year or two — pay stubs, check carbons (keep the bank statements), utility, phone, cable bills.
I tend to keep 3 or 4 years worth of credit card statements and car insurance paperwork. But that’s probably really longer than it needs to be.
I keep bank statements more than 10 years but just about everything else can really go after 7 years (except the keep forever stuff). There’s probably other important financial documentation that you should hang onto forever. When in doubt, keep it.