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How long should you keep bank statements and canceled checks.
Want to Save Space?How long should you keep utility bills
Here’s How Long to Keep Bank Statements, Tax Returns, Receipts + More
Bank statements, credit card bills, tax papers — it’s amazing how many different types of financial documents we live with, even in the digital age.
“The biggest reason to hang onto financial records is in the event that you need documentation of something later — that could be a tax audit, it could be for a warranty, an insurance claim or refund or just to verify accuracy,” says Greg McBride, Chief Financial Analyst for Bankrate.com.
But that doesn’t mean you have to keep everything forever. Whether you’re looking to reduce clutter around your home or just streamline your records, it can be confusing knowing which financial documents we have to save — and for how long — and which ones can be tossed in the trash pretty quickly.
Here, a guide for how long you should keep bank statements, tax returns and any other important documents and when you can safely shred them without worrying about needing them in the future.
How long should you keep bank statements?
Bank statements can be sh
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- how long should i keep bank statements and credit card statements