With many of us in the process of preparing and submitting our taxes, the question becomes “How much and how long do I keep the records?” Or, maybe the other question is “Do I need to have a record keeping system?”
Keeping financial records are a vital part of your life. They are a key to your credit standing, essential to help you save money on taxes, and provide a continuing indication of your financial progress. A systematic plan of keeping important papers can save you hours of anxious searching and make it easier to cope with emergency situations. However, it is more than a matter of neat...