{"id":151,"date":"2015-08-07T03:32:59","date_gmt":"2015-08-07T07:32:59","guid":{"rendered":"http:\/\/www.paageetcie.com\/blog\/blog\/?p=151"},"modified":"2020-04-04T23:26:13","modified_gmt":"2020-04-05T03:26:13","slug":"good-record-retention-and-beyond-post","status":"publish","type":"post","link":"http:\/\/www.paageetcie.com\/blog\/good-record-retention-and-beyond-post\/","title":{"rendered":"Good Record Retention and Beyond"},"content":{"rendered":"

Discover What Records to Keep, What Records to Discard, Where to Keep them and How to Organize Your Records for Safety , Convenience and Peace of Mind.<\/strong><\/p>\n

By Claudette E. Pa\u00e4ge, Pa\u00e4ge et Cie Personal Management Services, www.paageetcie.com, Cate Williams, Vice President of Financial Literacy, Money Management International, and Phyllis Searles, Organizing Anchorage, www.organizinganchorage.com<\/em><\/p>\n

The importance of organizing, recording and retaining your vital documents cannot be overestimated.
\n
\nKeeping good financial records can help you:<\/strong><\/p>\n

\u2022 Maintain a good credit standing
\n\u2022 Save money on taxes
\n\u2022 Provide a track record of your financial progress.<\/p>\n

And good record retention can:<\/strong><\/p>\n

\u2022 Save you hours of anxious searching
\n\u2022 Help preserve peace and harmony for you and your family
\n\u2022 Make it much easier to cope with life\u2019s next emergency<\/p>\n

What\u00a0Cate Williams, Vice President of Financial Literacy, Money Management International has to say about keeping good financial records:<\/p>\n

\n

A word on keeping good financial records: by Cate Williams, Vice President of Financial Literacy, Money Management International<\/span><\/em><\/h1>\n

“As part of getting on a budget and keeping track of their finances, clients become focused on how long to keep certain records. Given the age of technology and the new way we pay our accounts (via electronic transfer of funds or use of a debit card) some of the old rules need to be viewed differently.<\/p>\n

\u201cAsk your accountant or tax preparer how long they retain your return information and if there would be a charge to retrieve your return. Or request the data be backed up on disk. Day-to-day statements and receipts only need to be retained until you are sure the payment has been received.\u201d<\/p>\n

\u201cConsumers need to think \u2018Why am I keeping this?\u2019 \u2018If I didn’t have it, could I retrieve it some place else?\u2019 \u201d<\/p>\n

\u201cBudgeting is finding a system that works to track spending, not to track paper!\u201d<\/p><\/blockquote>\n

But what exactly is good record retention?<\/strong><\/p>\n

We all know that there are some records we need to keep. But which ones? And for how long?<\/p>\n

If we were to start keeping everything that \u201cmight\u201d be important, it\u2019s not hard to imagine ourselves soon living in a house or apartment littered with numerous tall stacks of paper stretching from the floor to the ceiling.<\/p>\n

So what should you do?<\/strong><\/p>\n

The following are essential guidelines you can follow to quickly and easily decide what records to keep and what records to discard as well as how and where to store your important records.<\/p>\n

What Records to Keep (and for how long)<\/strong>
\n\u2013 Keeping family records in a business-like manner saves time, trouble, money and frustration.\u00a0Click here<\/strong><\/a> to discover what records you should keep, how you should keep them and for how long you should keep them.<\/p>\n

What Records to Discard<\/strong>
\n\u2013 Today more than ever families and individuals are suffering from document overload.\u00a0Click here<\/strong><\/a> to discover what records are OK to destroy so that you don\u2019t find yourself awash in a sea of documents \u2013 as well as learn about a new law that may require you to shred important information or risk being fined or sued.<\/p>\n

How to Organize Your Records<\/strong>
\n\u2013 Many records and papers can be kept in a home file for ready access, while others should be left with your attorney or placed in a safe-deposit box.\u00a0Click here<\/strong><\/a> to learn more about \u201cNo Time Like Now \u2013 A Fifteen Minute Guide to Organizing Your Life\u201d This booklet tells you where to keep specific papers as well as how to organize your records to ensure you are able to quickly and easily access information when you need it.<\/p>\n","protected":false},"excerpt":{"rendered":"

Discover What Records to Keep, What Records to Discard, Where to Keep them and How to Organize Your Records for Safety , Convenience and Peace of Mind. By Claudette E. Pa\u00e4ge, Pa\u00e4ge et Cie Personal Management Services, www.paageetcie.com, Cate Williams, Vice President of Financial Literacy, Money Management International, and Phyllis Searles, Organizing Anchorage, www.organizinganchorage.com The […]<\/p>\n","protected":false},"author":1,"featured_media":1392,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8,51,79,6,9,52,12],"tags":[28,129,24,128,126,30,48,127],"_links":{"self":[{"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/posts\/151"}],"collection":[{"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/comments?post=151"}],"version-history":[{"count":20,"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/posts\/151\/revisions"}],"predecessor-version":[{"id":1452,"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/posts\/151\/revisions\/1452"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/media\/1392"}],"wp:attachment":[{"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/media?parent=151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/categories?post=151"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.paageetcie.com\/blog\/wp-json\/wp\/v2\/tags?post=151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}