Organizing Receipts

| Category: Organization

You are to keep certain papers and receipts for 7 years (in case you are audited, etc).  if you need to look up old receipts- I do this by keeping a file for each of the 7 years in the top of my closet, and in each file are categories of: Auto repairs, Gas Receipts, Utilities, Tax Receipts, etc. At the end of each year, I shred the oldest year of papers and use that file holder for the new year. This has been an excellent way to simplify such an overwhelming task!