What bills should you keep (that have been paid) for good record keeping? How long do you keep them?
I keep almost nothing like that. I can always get copies from the utility co. if I need them (but don't see why I would) or copies of or original canceled checks. (02/19/2005)
Anything older than one year I shred and recycle. (02/20/2005)
Always, always keep receipts for items you buy. Our house was raided once and everything we didn't have a receipt for, the police kept. The situation had nothing to do with us and my husband lost 40 years of tools he had bought over time, there was nothing we could about it.
Ideally 6 years to prevent contract claims arising during statutory limitation period as in all English common-law countries.
I have a folder of "Final Statement" receipts showing the zero balance. (03/02/2005)
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