Atcertain times of the year, whether for you it’s annually, quarterly or monthlyyou can become overwhelmed with the documents which have mounted up.
If you run a smallbusiness do you find these documents are turning your house into a paper-packed‘office’. Shelves, drawers and cupboard space fill up with papers that youmight just need one day, creating clutter as you struggle to find space tostore things you use more frequently.
Even offices can get soclogged with paper that finding places to store them all become a problem.You end up with a “clutter room” packed with boxes and boxes of old files.
It’s very tempting throwall those old files away, but what if you have to prove you didn’t play fastand loose with the tax man?
Generally speaking, youcan divide your paperwork up as follows:
· Papers to keep for one year max: Bankdeposit slips, credit card receipts and ATM slips need only be kept untilyou’ve reconciled your accounts. Insurance and investment statements can bekept until you have fresh ones. When you discard documents, shred them to avoididentity theft.
· Papersto keep for longer than a year: statements on loans shouldbe kept until the loan is paid off. For big loans, this can be quite a longtime. Car papers have to be kept until you sell the car, and proof ofinvestment purchases should be kept until investments are sold.
· Papersto keep for five years: Keep your tax records forfive years to be on the safe side.
· Papersyou should never throw away: Birth certificates, deathcertificates, divorce decrees, your copy of your will, life insurance detailsand other insurance policies are among the papers you will keep indefinitely.
Archive information safelyfor next to nothing
To help you solve the problemof document storage, Storage King has a handy archive box that lets you storeyour documents neatly in an organised way.
Sort the documents according to dateand according to how long they need to be kept so that you can thin down theaccumulation of documents you won’t be needing again.
And since Storage Kinglets you store small as well as large volumes of things you don’t need all thetime, it won’t cost much if we tuck them away for you.
