Quick Answer: Where Should You Keep Important Documents?

What papers to save and what to throw away?

When to Keep and When to Throw Away Financial DocumentsReceipts.

Receipts for anything you might itemize on your tax return should be kept for three years with your tax records.Home Improvement Records.

Medical Bills.

Paycheck Stubs.

Utility Bills.

Credit Card Statements.

Investment and Real Estate Records.

Bank Statements.More items…•.

Where is the best place to store documents?

Where to Keep Your Important PapersWallet. You are, obviously, very limited in what you can keep in such a small space. … Safe Deposit Box. You can rent a safe deposit at your bank or credit union for a small annual fee. … Home Box. … Attorney. … Out-of-Area Friend or Relative. … Online or Digital Storage.

How do you organize important documents at home?

The Easiest Method for Storing and Organizing Important Documents at HomeArrange piles. Start by sorting your paperwork into categories (household, school, pets). … Sort with ease. … Size appropriately. … Consider frequency. … Create a landing pad. … Keep it neat.

Where is the safest place to store important documents?

Your best bet with storing important documents is a safe deposit box. Most banks or credit unions offer safe deposit boxes.

How do you protect documents?

You can protect a document by using a password to help prevent unauthorized access.Click the File tab.Click Info.Click Protect Document, and then click Encrypt with Password.In the Encrypt Document box, type a password, and then click OK.In the Confirm Password box, type the password again, and then click OK.

What are the 5 basic filing systems?

There are 5 methods of filing:Filing by Subject/Category.Filing in Alphabetical order.Filing by Numbers/Numerical order.Filing by Places/Geographical order.Filing by Dates/Chronological order.

How do you organize important documents?

10 easy ways to keep all your important documents secure and organised at homeThrow away. Put junk mail, unwanted catalogues, receipts you don’t need to keep etc. … Don’t put all your papers in one basket. … Make filing a habit. … Clear and separate. … Get colourful. … Fireproof it. … Be specific. … Separate the sentimental.More items…•

Where can I store important documents online?

Below are the top 4 cloud storage services you can use to store important documents:Dropbox. Dropbox is one of the most used public cloud storage platforms today. … Google Drive. When it comes to free cloud storage options for valuable digital assets, Google Drive is one of the best. … Amazon Cloud Drive. … OneDrive.

What documents do I need to keep for 7 years?

How long should you keep documents?Store permanently: tax returns, major financial records. … Store 3–7 years: supporting tax documentation. … Store 1 year: regular statements, pay stubs. … Keep for 1 month: utility bills, deposits and withdrawal records. … Safeguard your information. … Guard your financial accounts.More items…

What is the best way to save documents?

There are a few different digital document storage solutions to choose from, such as:Use Windows libraries to store documents on your hard drive.Store your documents in the cloud via a service like OneDrive or Google Drive.Backup your documents to external storage hardware like removable hard drives.More items…•

Where is the best place to keep your Social Security card?

Your Social Security card should be stored somewhere safe in your house where you will know where it is at all times. If you have a safe, or a filing cabinet for important documents, then store it there. If you keep it in your wallet, then it is much easier to lose.