How long should u keep financial papers?

Question

I'm moving and would like to get rid of some papers. Does anyone know how long I should keep pay stubs and credit card statements?

Answer 1

for the most part things like pay stubs should be kept for one year. two at the most. your credit card statements can be shredded whenever. if there ever comes a time when you need to get CC statement from X number of years ago, you can easily request from your creditor.

Answer 2

I don't think there is any general rule on paystubs or credit card statements. I would keep the pay stubs until you file your tax return for the year in which you;ve been storing them. I keep the credit card statements only until the balance is paid. If you pay your cards in full each month, throw out the month before when you pay it.

Answer 3

7 years

Answer 4

As long as you do not dispute any of the charges and do not need receipts for business or personal write offs, then you are generally free to shred them.

Sometimes lenders want to see proof of income, so you may need up to 3 months pay stubs to prove your income.

Answer 5

10 years. After that it does not matter what those papers are saying. Your credit report is cleaned up after 10 years (by the bureau itself, and if not you can do it)

Answer 6

If the records are part of your documentation for Tax returns, you should keep seven years worth. No More.

Answer 7

I think, just in case of anything, you should get a folder or 2, and keep them all. Just in case. Just put them all together, then put them put them away.

Your Choice.