Organize Tax Information in Envelopes

Tax time is on us so this is for the next year, but can be very useful all year. Get separate envelopes for every month to put ALL your paid bills and receipts in and mark with month and year. If an unusual expense occurred during the month, I make a note on the outside of the envelope so I'll know that I had an extra expense that month. The trick is only one envelope per month.

At the end of the month, put the envelope in a box. Mark the box with the appropriate year and you will have all your bills, receipts, and misc. expenditures in one location for your end of the year recapping. Also it makes it easier if you need to find that ONE receipt that you needed in any given month. This system has worked for me for about 15 years.

By larry lacount from Monroe, GA