![]() ![]() You'll want to put the purchase information for your new Sub Zero fridge and other expensive belongings here. File these papers by bank or lending institution name or simply under "Home Mortgage." Store life insurance papers here, or you can put these essential papers in your safe deposit box or strongbox. They may also show any reinvested dividends, stock splits and dividends, load charges, and original issue discount. Your records should show the purchase price, sales price, and commissions. In these folders, store information on stocks, bonds, and mutual funds. Reserve a folder, envelope, drawer, or other dumping ground for family credit card receipts and online order confirmations.Įstate planning folder. Even if you're planning to plan your estate, you've got a place to file the information. (This includes bank card numbers.) Include the toll-free numbers for reporting loss or theft of said cards.Ĭredit card receipt catcher. Compile a full list of the names and numbers of each credit card in the family. I name files in a way that makes sense to me and would (hopefully) to anyone else on the prowl for them.įor example, though our gas bill payment goes to "Southern California Edison," I file the gas bills under "G" in a file tagged "Gas Company" instead of "S" for "Southern."Ĭredit card list. Title this so that you can get what you need, fast. Usually, the list includes titles birth, death, and marriage certificates copies of wills and deeds inventory videos of household goods for insurance purposes and passports.īank and credit card statement folders. What goes in here? Anything critical that would be very difficult to replace. If anything happens to you (or the bill payer), this document can help the surviving spouse through the first few days. It should include copies of what's in the safe deposit box, and what to do - and who to contact first - in case of emergency. This is a guide to all your papers, financial advisers, documents, location of safe deposit box key, and other information. Here's what you'll need in your financial filets keep a handle on everything going on in your family's financial life:įinancial cheat sheet. ![]() How to Organize Paperwork: Financial Papers Here are the three major categories to be consider and how to organize paperwork inside them. ![]() You could use green for financial, for example, and red for household. It can be as simple as assigning each paperwork type its unique color. (Make that five, if you run a home business.) You'll need to create a separate filing system or area for each. Organize your papers into categories that make sense to you. New Year? New Files! As a general rule, get a jump on the paper chase by beginning new folders each year and archiving the past year's folders.įor most families, there are four types of paperwork to be culled and considered. If your desk is a table in the corner, a lidded box that can be shut tight will protect your paperwork at night. Or consider file drawers or a hanging file basket with a lid. Next, make sure that whatever space you've chosen is safe from curious little fingers, the dog's teeth, or the cat's claws. If you have a separate office, a closed door should keep all the little ones out. How to organize paperwork? For starters, you will need a few business basics. These include an easy-to-use filing system (a file drawer or cabinet with hanging files, manila file folders, and plenty of stick-on tab labels. Here's how to organize paperwork so you can find what you need when you need it. And with everything neatly filed away, or in its rightful place, your work area suddenly seems a model of efficiency. Keeping good records not only helps you find critical documents quickly, but it also saves time and eliminates headaches. Whether your home office has a room of its own or is confined to the dining room or a nook in your bedroom, a system that lets you organize the paper flow is crucial to staying on top of your personal and professional responsibilities.
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