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keeping my bills

Posted on: 21st Apr, 2006 02:05 pm
I wonder how long I should keep all the bills related to mortgage, bank statement, CC etc. If I have to continue with them all along they are going to fill up my room.
So far I need the bills for tax purposes, I keep them. Otherwise I destroy as I have most of my things online.
Posted on: 21st Apr, 2006 02:12 pm
If you ask me personally then, I use to keep my bank statements for 7 years. For CCs I keep each of them until the end of the year. The last one or the major statement is kept until 2 years before I throw them out.

On pay-stubs, I carry all of them from the day I got my first payment. Rests of the bills are thrown out at the end of the year. Regarding mortgage, I think you should keep the related documents until the mortgage is repaid in full and everything is appearing on your credit report correctly.
Posted on: 21st Apr, 2006 02:21 pm
I don't keep the hard copies as I have everything online.
Posted on: 21st Apr, 2006 02:34 pm
I use to keep the bills until I find that the information is correctly reflecting in the reports with all the credit reporting bureaus.

May be you can consider more careful than required, but I prefer to be on the safe side. Papers related to property taxes, re-modeling etc. stays with me from closing and I don't destroy them. Income tax papers are kept for 7 years at least.
Posted on: 21st Apr, 2006 02:54 pm
"I don't keep the hard copies as I have everything online."

I think you require the hard copies too at least upto a certain period of time although I have every thing online too. I keep all the bills especially the bank statements for 3 years. Otherwise, how can you catch them if some mistakes arise?
Posted on: 21st Apr, 2006 04:28 pm
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