Tip # 318: Keep all your receipts for at least 3 months.

by J. Money on Tuesday, September 16, 2008

receipt boxOr even a year if you can take it! This may sound like common sense to many of you, but i’m willing to bet that you or a neighbor don’t listen ;)

I didn’t either until 4 years ago when all i needed was one freakin’ tiny piece of paper that could have saved me a good $200. i never found it, and i never got my money. in fact, i tear up just thinking about it….bleh.

So what’s the easiest way? I like the ol’ shoebox method:

  1. Find a shoebox.
  2. Find a sharpy.
  3. Scribble “2008” on the top.
  4. Place every receipt from 2008 into it.
  5. When it gets filled, either throw them all away (minus the huge purchases), or if you’re a storage nazi, stash the box away and repeat the process.
  6. Bask in your organized glory!

That’s it! At least the lazy man’s version anyways ;) I’ve tried plenty of other methods before, but none got me to stick to it quite as nicely. I actually use a similiar version today – instead of shoeboxes though, i use drawers from a fancy pants piece of furniture i picked up a while ago but never knew what to do with. Each drawer is a year! haha…no one would ever tell by just looking at it.

This works for warranties too. I keep a box (and sometimes a drawer, safe, or filing cabinet when room permits) for all “important files” such as warranties and other records you normally forget about or accidently throw away. No more worrying for me!

It really doesn’t matter where you keep them though – as long as you HAVE them and know WHERE they are, you’re all good!

PS: Some of my favorite tools:
personal capital Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review
digit.co Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review
acorns Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review

{ 0 comments… add one now }

Leave a Comment

Previous post:

Next post: