I have suddenly realized that I have probably severral hundred pounds of paper in various filing cabinets. It would sure be nice to shred most or all of it.
I have heard that you need to keep tax returns and related receipts for 7 years (don’t know if that’s true)
What about bank statements, credit card bills, utility bills, brokerage statements, credit card receipts, etc.?
It seems like keeping a year of bank/brokerage statements makes sense – but is that enough?
Utility bills? Is there any reason to keep any but the most recent (and maybe a final indicating full payment if you close an account)
I suppose I could scan a bunch of stuff and store it digitally, but that’s too geeky and too much of a hassle.