We’re living in an electronic age. Yet, many of us still have piles of paper throughout our homes. Money and finances are the biggest culprits when it comes to paperwork – bills, bank statements, insurance records, loan documents, investment accounts, and the list goes on. Here are some guidelines to help conquer your paper piles.
Sort and Organize
Tackle one pile at a time, and sort papers into categories, like Pay, Read, File, Shred, and Recycle. You may find important receipts, unpaid bills, and other important items you didn’t realize were there. You’ll also probably find a lot of things you don’t need to keep. This flow chart can help you sort and organize.
Convert to Electronic
Once you’ve sorted your piles, you’ll probably find items and accounts that can go electronic. At Perspective, we converted client files to a secure online portal years ago (which clients can access at here). Important items like estate planning documents, insurance paperwork, and loan documents can be scanned and uploaded to your Perspective document vault.
Things like your credit card, phone, and utility bills can be managed online with text/email notifications or auto-pay.
After you’ve sorted your documents and determined which ones you need to keep in printed form, designate an easily-accessible place in your home where they can be filed and stored.