By Connie Schlosberg

I’m going to tell it to you straight: organizing your finances is a hassle. Each month, you get sent dozens of bills, statements, and other financial documents via email and online. It’s daunting. If you’re a disciple of the Marie Kondo method, you know you shouldn’t keep anything if it doesn’t “spark joy.” I don’t think anything about finances “spark joy” for me. Nonetheless, you can apply a minimalist attitude to get financially organized that’s easy and relatively painless. This system helps you to find your financial documents quickly. The best thing about this system is you can do it in less than an hour to streamline your financial life.

I use File Manager for my financial documents, but any digital file management program will do. But make sure you backup your files daily whether you use cloud storage or an external backup device. The first thing you want to do is create a folder dedicated to your financial documents. Label it “My Finances” and password protect it if you share your devices with others. Here are the folders you should create within your “My Finances” folder.

Marie Kondo your financial life

Digital Financial File Folder System

Checking and Savings Accounts

Keep your monthly bank statements here with a separate folder for each bank account. You only need to keep statements for a few months, no more than a year.

Credit Cards

Create folders for each credit card you have. Keep the monthly statements and any correspondence on interest and fees. For more information on managing credit card debt, read these articles.

Student Loans

Keep your loan agreement and payment records for each student loan you have. Also, retain any important messages such as interest rate notifications and requests for deferrals and IBRs.

Medical Debt

Keep your statements, payment receipts, and payment plan agreement for any medical debt that you are paying back on time.

Car Loans

Keep your loan agreement, payment receipts, and any important documentation on your car such as warranties for each auto loan you have.

Retirement Accounts

You should create a folder for each retirement account you have. Keep your quarterly statements. If you have an employer retirement account, you should keep your sign-up package because it contains the investment options you have. (By the way, you don’t need to keep the prospectus the mutual fund companies send you each quarter.)

 Social Security

Keep your most recent social security benefits statement in this folder. If you haven’t signed up for online statements from the Social Security Administration, request it by going to

Investment Accounts

This folder is for every statement you received related to any investments you may have such as stocks, bonds, and mutual funds that are not retirement accounts. Create a separate folder for every brokerage account you have.

Tax Returns

Create four folders within the Tax Returns folder. Three folders will include your last three tax filings and one folder will be for the current tax year. In each tax year folder, include all that year’s tax documents such as W-2s, 1099s, receipts to support deductions, and a copy of all tax returns filed for that year. According to the IRS, you don’t need to keep tax records for more than three years. However, you should keep records for a longer period for these transactions: home sale/purchase, stocks, bonds, IRAs, 401Ks, rental property, and any businesses that you own. I keep my tax documents for 10 years, but that’s my choice.

House Accounts

If you own your own home, create a folder for your sales agreement, title, and title insurance. Another one for insurance policies. Also, create a folder for home improvements. Keep all your receipts for home improvement for as long as you own the house. You will need these receipts when you sell your home for tax purposes. Create another folder for your home mortgage and line of credit where you’ll save your mortgage statements and loan information. If you rent, create a folder for your lease, security deposit receipt, and payment receipts.


Create a separate folder for each of your insurance policies: health, life, auto, homeowners and renters’ insurance, and disability insurance. Each folder should contain the appropriate policy and payment records.

Will and Trust

This should hold a copy of your most recent will along with the name and contact information of the attorney who drafted it.

Credit Reports

This folder is for your most recent credit report and score. Better yet check out Credit Karma. It’s free.

Which records should you keep, and which can you delete?

Being a packrat digitally is even easier than IRL. We keep too much info for way too long. Mea culpa!

As I mentioned above, you only need to keep tax records for three years. You should keep records that pertain to your home and investments for as long as you own them. This includes your retirement accounts, insurance policies, mortgages, and loans.

But don’t hang on to anything else for too long. I’m sure none of those documents “spark joy.” 

Here’s a list of documents you should delete.

  • Credit card statements for closed tax years
  • Canceled checks for closed tax years
  • Canceled insurance policies
  • Old financial securities statements (e.g., stocks) for closed tax years (unless they have cost-basis information)
  • Annual reports from stocks and mutual funds
  • Outdated documents (essentially any document that either expired or is replaced with a new document)

Now you should be financially organized. Do you feel empowered? Hopefully, you feel more in control of your finances. This is the first step to taking your financial life back. The next one is figuring out where you stand financially. DebtMD has a free tool to help you analyze your debt. Check it out here.

Blog Comments


🟢Hire the best and fastest HACKERS on the web today. We give you HACKING SERVICES better than any HACKING group you can find in the internet. Our HACKERS are available for 24/7, always ready to attend to you at any time of the day, anywhere in the world.

🟢 There are no limits to what we can do. Don’t be surprised we say this. Hacking isn’t as difficult as it sounds, as so many HACKING equipments(softwares, virus, spyware, Trojan) are made available in the dark web and this has made HACKING very easy to perform. There are different varieties of Hacking Service we offer, such a as
▪️Phone📱📲 Hack, cloning & Tracking
▪️Computer 💻 Hacking
▪️Emails 📧 & Social Media account Hacks/password recovery
▪️Tracking/Finging People
▪️Raising Money 💰 using (Bitcoin Mining, Money Flip e.t.c)
▪️Tracking Scammers and Spammers.
▪️Recovery of deleted files e.t.c

🟢If you need hacking services, PYTHONAX are the group you should contact. We have a strong policy that covers our Clients Privacy. We do not ask our Clients Targets and intention for any job given to us, we simply do our job and provide a strong security to Clients so that our services can’t be traced to them.

🟠Payment for our services will only be collected after Customers have certified and confirmed the completion of their job. For no reason do we collect upfront for services. But note that Customers will have to pay for Hacking Equipments if necessary before a job would be done.

🔴Beware of FRAUDSTERS claiming to be HACKERS and ripping people of their money, they saying things and share false testimonies to Attract people and Lure them. They are everywhere in the internet even here in this site, be careful of them. We have come across so many of this FRAUDSTERS Victims and some have been lucky to get back what was falsely taken from them.

Below are list of our emails you can contact if you need our services

2020 © All Right Reserved.


I simply needed to appreciate you all over again. I'm not certain what I would've accomplished in the absence of the type of creative concepts revealed by you on my area of interest. It has been a real intimidating circumstance in my position, but understanding a specialized mode you processed the issue made me to leap for fulfillment. Now i am thankful for your work and then trust you realize what a powerful job you have been carrying out instructing people through your webpage. Most probably you haven't got to know any of us.
<a href="; >air max 90</a> [url=]air max 90[/url]


I in addition to my pals were following the great solutions located on your web site and so immediately came up with a horrible suspicion I had not thanked the site owner for those strategies. All of the guys are already for that reason passionate to learn them and have now undoubtedly been having fun with them. Many thanks for simply being well kind and then for settling on certain essential topics most people are really desirous to be aware of. My honest regret for not saying thanks to you earlier.


I as well as my pals have been following the best tips and tricks found on your web blog and so the sudden developed an awful feeling I had not thanked the blog owner for those tips. These ladies had been absolutely warmed to read through all of them and now have actually been taking pleasure in them. We appreciate you getting considerably considerate and then for considering variety of fantastic topics most people are really eager to be aware of. Our own honest regret for not saying thanks to you earlier.
yeezy shoes


I am also writing to make you be aware of what a perfect discovery my princess developed studying your web site. She came to find too many issues, not to mention how it is like to have a marvelous giving mood to make others just understand several impossible subject areas. You undoubtedly surpassed my expected results. I appreciate you for rendering those beneficial, trusted, revealing and also unique thoughts on the topic to Ethel.
yeezy shoes


I have to show my love for your generosity giving support to men who must have assistance with this particular area. Your very own commitment to getting the solution all around has been particularly significant and have frequently helped some individuals much like me to reach their targets. Your insightful guidelines entails much a person like me and a whole lot more to my fellow workers. Thanks a lot; from all of us.
hermes online


Thank you so much for giving everyone such a terrific possiblity to discover important secrets from this website. It's always so cool and also packed with amusement for me and my office friends to search your web site at the very least thrice a week to learn the new issues you have. And indeed, we're actually happy considering the fantastic information served by you. Certain 4 facts in this article are undoubtedly the most suitable I've had.
nike shoes

Add new comment

Find a Solution

Not sure what you need or where to start? GET STARTED