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what to keep, what to purge?
cassienyc | Jul 19 2006
hi everyone: after following the gtd planning system for a while, i'm finally doing the purge/reorganization (i know, more than a little backwards but i didn't have time before now). in any event, my question for all of you is this: i have kept every single receipt (grocery, bank, clothes, etc) i've received since 1995 (and i won't tell you how much space they've been taking up in my office!). i know i probably don't need all of them, if any. so, how do i decided which ones to keep? which ones to save? is there some kind of "rule" i should follow about the length of time receipts should be saved? any advice would be really appreciated. 5 Comments
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I think for tax purposes,...Submitted by Berko on July 19, 2006 - 7:24am.
Chrome47 wrote: I think for tax purposes, you only need to keep records from the past 3 to 7 years. I may be off somewhere, though. This used to be my general practice, too, until I got overcharged at a fast food joint recently. I didn't have the receipt so they wouldn't make good on it. Luckily, my new bank (bye bye Wells Fargo, hello WaMu) felt sorry for me and credited my account. Now, I keep every receipt until it clears my bank. Then, I have to decide what to do with it. If it's remotely tax deductible, I keep it. Otherwise, recycle material. » POSTED IN:
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