July 9, 2010, Newsletter Issue #223: Financial Statements

Tip of the Week

Financial statements and bank statements are a prime example of papers received frequently that work the best in file folders. These papers show up on a regular basis - at least quarterly and often monthly. Clearly label a file folder for each financial institution with whom you do business. When the statements arrive, drop them in the front of the folder. When you have completed your yearly taxes, keep only the year-end statements in your tax file and throw out the quarterly and monthly statements.

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