Yakezie.com - Topic: Receipts: Shoebox, Trash, Advice?

Buck Inspire on Receipts: Shoebox, Trash, Advice?

Tue, 01 Feb 2011 11:31:32 +0000

Barb,

Good question about bank statements. I have tons of those, too. It's so massive, I can't even begin to shred them as it would take forever. Ugh Catch-22.

JT,

Good point, do you have a super duper shredder I can borrow?

Kris,

You and me both! My weapon of choice is the shredder though.

everydaytips on Receipts: Shoebox, Trash, Advice?

Sun, 30 Jan 2011 14:24:47 +0000

I love burning useless receipts in a bonfire!

JT_McGee on Receipts: Shoebox, Trash, Advice?

Sun, 30 Jan 2011 08:35:22 +0000

Seven years is the statute of limitations, so 7 years sounds like long enough to hold onto them. From what I've heard, an audit is just about the last thing you ever want to deal with. Not because it's "aha, we got you!" but because you have to comb every record practically.

Barbara Friedberg on Receipts: Shoebox, Trash, Advice?

Sat, 29 Jan 2011 10:47:53 +0000

I love to get rid of stuff. It feels really good. The only things I keep are big purchase receipts, tax deductible ones, and the things I might return. It's not much at all.

I do keep old bank statements and hardly ever refer to them.

what do you do with the old bank statements, and how long do you keep them?

Buck Inspire on Receipts: Shoebox, Trash, Advice?

Mon, 24 Jan 2011 23:09:00 +0000

Good point! Can't forget those.

SavingMentor on Receipts: Shoebox, Trash, Advice?

Mon, 24 Jan 2011 17:17:41 +0000

Buck Inspire said:

Thanks Mark!

I've been following everyone's advice and throwing out or shredding old receipts. It feels great!!!

Don't forget to save the ones you might need for warranty purposes :) Don't forget about the extended warranty offered via your credit card either!

Buck Inspire on Receipts: Shoebox, Trash, Advice?

Sun, 23 Jan 2011 17:09:31 +0000

Thanks Mark!

I've been following everyone's advice and throwing out or shredding old receipts. It feels great!!!

Buy Like Buffett on Receipts: Shoebox, Trash, Advice?

Thu, 20 Jan 2011 01:32:29 +0000

Congrats on the new move!

Buck Inspire on Receipts: Shoebox, Trash, Advice?

Wed, 19 Jan 2011 19:37:15 +0000

Hey all,

Great advice!

Thanks!

Khaleef @ KNS Financial on Receipts: Shoebox, Trash, Advice?

Wed, 19 Jan 2011 19:22:49 +0000

Buck Inspire said:

Hey guys,

Some of you might know I'm moving soon. Cleaning house and finding tons of old receipts. Yes, I'm a pack rat. What do you guys do with them? I'm trying to streamline myself in the new place. Thanks!

If you are worried about throwing out something important, then scan them. After that, burn them! If they aren't important just burn them right away!

Sustainable PF on Receipts: Shoebox, Trash, Advice?

Wed, 19 Jan 2011 13:20:23 +0000

burn em. I don't like our personal information being potentially avaialble.

Budgeting in the Fun Stuff on Receipts: Shoebox, Trash, Advice?

Wed, 19 Jan 2011 12:19:50 +0000

Unless it's a tax writeoff, I trash them.

Buck Inspire on Receipts: Shoebox, Trash, Advice?

Wed, 19 Jan 2011 12:13:57 +0000

Hey guys,

Some of you might know I'm moving soon. Cleaning house and finding tons of old receipts. Yes, I'm a pack rat. What do you guys do with them? I'm trying to streamline myself in the new place. Thanks!