To reduce the clutter, you need a system to organize your records. After all, records kept but not found are useless.
There are many ways to get organized. Do it anyway that works for you.
A computer outfitted with the latest financial-planning program won’t do you any good if you’d prefer making entries in a wide-ruled tablet with a pencil. If your system is user-friendly, you’ll use it.
The 2 Rules for Records Management:
1. Use your chosen system routinely and
2. Be able to find it when you need it!
Consider creating a file for each type of financial record. You can group related records in one file—for instance, all receipts for home improvements. No matter how your system’s arranged, it’s usually best to slip receipts and updated statements into a file as soon as you receive them.
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