My favorite container for this month is the good old accordion file. It’s my go-to system for organizing our bills and financial information for the year.
At the start of each year I get a large size (20+ pockets) accordion file from the office supply store. I label each section for the key financial paperwork that we keep during the year - credit card statements, mortgage statements, investment statements, receipts for the Dependent Care Reimbursement Account, taxes, etc.
When the paper comes in it has a place to go! It’s so easy to open the file to the right section and drop in the paper. No file cabinet needed!
The accordion file is kept in a lidded basket under a desk in my front hall, right where I open mail and need to file papers. This is key to your paper management system – keep your files close by. No one even knows all our papers are stored inside!
By keeping the file by the year, it is super easy to find what we need at tax time…and to know what papers can be shredded. After 7 years, the papers come out and get destroyed, and we can re-use the accordion file again.
I’ve helped many clients get control of their papers with this simple system. If you need help, contact me today and we’ll find a system that works for you.