I have started saving my receipts for 3 reasons:
After 3 months, I go through my receipts and get rid of what I can, but save those which I may need. I put each month in a separate business sized envelope and those then go into my tax book.
My tax book is a 3 ring notebook with plastic protector sheets. I put all tax information in that book and then just use that book at tax time. It is divided by sections--farm expenses, rental units, donations, church, stocks, w2's.
Source: Years of doing it wrong taught me to do it right!
By mom-from-missouri from NW Missouri
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