Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121589  
Subject: Re: Do you keep every receipt? Date: 8/9/2004 11:20 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 11
We'd like to know what other people do with their every-day purchase receipts.

Cash = Trash, unless I need the receipt for warranty, return, or tax purposes. After trashing my grandmother's 60 year old cancelled checks when cleaning out my parents' house, I'm trying to take some pity on those who will clean out mine.

Charge receipts go in the charge receipt slot in the desk pending reconciliation with the statement, to which they're stapled.

Debit card receipts go in the debit card receipt slot in the desk pending reconciliation with the statement, after which they're trashed.

Paid bills go in this year's box, with tax items highlighted.

When I go through this year's box to do the taxes, anything that won't possibly be needed, e.g. utility statements, is trashed.

I keep five years' boxes, currently 2000-2004. Come January I'll trash everything from 2000 except the tax return (goes to the "Prior Year Returns" box), put a 2005 label on the box, and we're in business for another year.

Phil
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement