In this video, I explain how organizing by category helps you stay clear on WHY you keep a file and for HOW LONG to keep it. I also show you how to always keep plenty of room in your file drawer for incoming files.
A couple weeks ago in my May Tip of the Month I recommended transferring your old taxes, old statements, and old tax supporting material from your file cabinet to a more remote location. I said that it should only take 15-20 minutes if you had a user-friendly file system set up. This weekend, I followed my own advise and I’m happy to report that I clocked in at just under 17 minutes.