Financial Documents
Saving your financial documents is crucial for success as an adult. As a general rule, all financial documents should be saved for 3 years. This is to protect you from the IRS if you get audited; saving all of your documents means that you will have easy access to all of the papers they require you to submit. Here is a basic list of documents you should be saving:
- Pay stubs
- Bank account statements and paperwork
- W2 and 1099 forms
- Tax returns
- Credit card statements and paperwork
- Investment account information
Beyond that, if something looks important, it probably is! It is better to save too many papers than to not have them when you need them. Personally, I store my important documents in an expanable file organized by catagory. If you're more of a digital person, feel free to scan your documents in and organize them on the cloud.