How long do you keep bills?

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How long do you keep your bills (electric, phone, cable, bank & credit card statements, etc.)?

How long should you keep your bills?

Michael Daddino (epicharmus), Saturday, 13 January 2007 02:06 (nineteen years ago)

Me, I've kept everything since 1997. But WHY?

Michael Daddino (epicharmus), Saturday, 13 January 2007 02:08 (nineteen years ago)

haha i wz talkin w.dr vick abt this yesterday -- cz i still have payslips dating back to 1983

i said i might be audited one day
she said WHY? BY WHO?
i said er er er

mark s (mark s), Saturday, 13 January 2007 02:09 (nineteen years ago)

Payslips are something I'm very bad about keeping. They always wind up in the wash.

Michael Daddino (epicharmus), Saturday, 13 January 2007 02:11 (nineteen years ago)

mine come through the post luckily

i shd check how far my bank statements go back -- my guess is 1983 also, the year i moved to london

mark s (mark s), Saturday, 13 January 2007 02:17 (nineteen years ago)

Grocery receipts and receipts for things that cannot be deducted should be kept until your bank statement comes in. Then you can reconcile your account and trash them afterward.

I would keep everything else for at least a year. Medical and mortgage reciepts for tax deductions. Utility receipts should be kept so you can show a potential future homebuyer what kind of bills you pay. It also helps in budgeting if you have those numbers available.

I wouldn't worry about gas receipts so much, but I would keep repair and oil change receipts in case you want to sell your car. A portfolio with all that stuff inside it could impress a buyer, even if they don't look at it all.

Keep all your government stuff, of course. And your insurance papers.

I never know what to do with my check stubs from work. I'll find stubs from 1998 and think, I'm so glad I make more than seven dollars an hour now, but really. There's no practical use to keep them, is there?

Pleasant Plains /// (Pleasant Plains ///), Saturday, 13 January 2007 03:35 (nineteen years ago)

I keep pretty much everything except debit card receipts -- those go through the shredder or trash after I enter them in the checkbook. Everything else gets sorted into Open Household Accounts (utilities, credit cards), Phone (home), Phone (work), Business Expenses, Medical Expenses, Charitable, Insurance. After I organize stuff for my tax preparer, the folders go into a big 200X Tax Year envelope and into a box. It takes up less space than I would have thought.

do i have to draw you a diaphragm (Rock Hardy), Saturday, 13 January 2007 03:56 (nineteen years ago)

Oh god, I'm lucky if I can find my payslips from the last two months, never mind my tax returns from last year.

Laurel (Laurel), Saturday, 13 January 2007 05:15 (nineteen years ago)

when i pay a bill i write the date and receipt number on it. then i throw it in the bin when the next one arrives, since i take that as proof that the previous payment has been 'officially' accepted. i hate keeping crap i don't need. bank statements i read and then tear up and throw out immediately. the only things i keep on a long term basis are tax assessments, insurance policies and receipts for big ticket items (whitegoods, tv, computer etc) that i might want to collect a warranty promise on.

gem (trisk), Saturday, 13 January 2007 05:27 (nineteen years ago)

I thought you can only be audited like 3 years back or something. Or maybe 7? but anything before that you can throw out. I only keep utility bills for one year. I have an accordian folder/case for all these things.

ian johnson's mom + jack bauer 2gether 4evah (Carey), Saturday, 13 January 2007 05:29 (nineteen years ago)

I've kept every bank statement and pay slip I've ever been given, dating back (as far as the latter goes) to 1994. I even have my old bank statements from the previous bank I dealt with. As far as regular bills go, I'm just now getting around to tossing the ones I paid back in 2002. I think I'll start keeping only the last three years' worth of bills, just in case I need to reference them.

Note: Any other "important" pieces of mail (including information on my IRA and life insurance) NEVER gets thrown away. And I keep all my old IRS filings. Just in case with both.

Phoenix Dancing (krushsister), Saturday, 13 January 2007 06:42 (nineteen years ago)

Oh, and I'm starting a file devoted to my mortgage payments and statements. Now that I don't think I'll pitch until the mortgage has been completely paid off, at which point I'll only need to keep the clear title and final statement saying, "Yep, you're all paid through now." But in more formal terms, obv.

Phoenix Dancing (krushsister), Saturday, 13 January 2007 06:44 (nineteen years ago)

how do you store all of that stuff? is it in boxes?

gem (trisk), Saturday, 13 January 2007 08:45 (nineteen years ago)

Shit, about a day? I throw'em away right after I paid'em.

Nathalie (stevie nixed), Saturday, 13 January 2007 09:37 (nineteen years ago)

kept: in box files and in a hanging-file drawer in a little two-drawer metal office filing cabinet which is bright orange and i saw chucked out on a street corner abt 20 years ago and put into my car

my eye just fell on my big box o'all the large padded envelopes i have received in my lifetime -- i keep them bcz every now and then i need a large padded envelope, and it might as well be reused BUT the box is huge and packed and i use like maybe one every three months currently

maybe once i start selling mny stuff on ebay these envelopes will come in handy

how much will my complete gas bills for 1983-93 fetch on ebay?

i am an idiot

mark s (mark s), Saturday, 13 January 2007 11:18 (nineteen years ago)

no, you're not. most probably i am since i haven't kept anything. then again as the tax control man said the other week: "no need to hide anything, we know EVERYTHING." SO WHY ASK ALL THESE Qs THEN?

Nathalie (stevie nixed), Saturday, 13 January 2007 11:41 (nineteen years ago)

how do you store all of that stuff? is it in boxes?

I keep each bill, separated and categorized by type, in file folders and filed away in my own little file cabinet. I throw away the envelopes and unfold each bill, then stuff into a folder until one more bill would overstuff it, then label the folder according to a date span. I've learned to do this because my mom's done this for as long as I remember. The income tax filings are super-easy to stick into the file cabinet as they already come in a neat little folder (thanks, H&R Block!). The pay stubs I keep in storage bags and stuffed in back, labeled according to job and year. Again, this is what I've learned via observing my mother.

Phoenix Dancing (krushsister), Saturday, 13 January 2007 18:01 (nineteen years ago)


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