It’s tax time again. As you take out your shoebox to find all the documentation for your return, it’s a perfect time to evaluate record keeping practices. Is your file cabinet full of old utility bills, tax returns, ATM receipts, and even the 12-year-old user’s guide for the coffee maker you received from your wedding?
If you answered yes to any of these questions, you are not alone. Many people are not sure how long to keep financial records, especially tax records. With 68.2 percent of the danger of identity theft coming from paper documents, it is a good practice to shred any document with personal information that is past its usefulness.
Here are some quick tips to help organize files:
1) For documents you’d like to keep, but don’t have the space for, scanners can help with the retention of records. Store receipts and other documentation in a neat, organized and clear fashion and the shred the originals.
2) Stay ahead of your shredding. As you open your mail, toss all of the marketing hidden in bills and all the junk mail into a cardboard box. When the box is full, have it picked up and shredded by Shred Junk Mail. It is fast, easy and, best of all, the paper is recycled instead of ending up in a landfill.
3) At least once a year, go through files and shred everything that is no longer needed. A shredding service will save you from wasting a day burning up shredders. Shred Nations can help you find the best shredding solution in your area.