How do I set up a good filing system so I don’t spend so much time looking for things?

Personal Finance February 13, 2013|Print

Divide your files into two major sections—current and permanent records. Use file folders for categories that work best for your family. Current records could include files for bills to be paid, important papers to file, etc. Your permanent files might include summary records of important information, spending plans, bank accounts, charge accounts, insurance policies, keys, net worth statements, tax records, etc.

Review the following publication for more details on setting up a filing system: Family and Household Records: What to Keep and What to Discard.

We would like your feedback on this Personal Finance Frequently Asked Question.