Level 12 - You have all your financial records and account details organized
Why it Matters
There’s nothing worse than needing that important statement NOW and not being able to find it. Thankfully, 9 folders are standing between you, and always being able to find that thing that you need for that other thing.
Goals for this Level
In Level 12, we want to get you organized by setting up an easy-to-use, 9-folder system for paperwork that will likely come your way.
Bonus – know when it’s okay to toss different types of financial paperwork.
Here’s the sure-fire 9-folder system:
What Goes In It
Bonus – Can you shred it yet?
And to make sure you don’t start drowning in paperwork, here’s a cheat sheet to how long to keep other types of paperwork (financial and non-financial) that may come your way:
Keep for 1-3 Months:
Sales receipts for minor purchases
ATM receipts and bank slips
Keep for 1 Year:
Monthly credit card statements
Old insurance records (like your old auto or home insurance)
Keep for 7 Years:
Receipts and slips for tax purposes
Do Not Throw Out:
Year end statements for investments
Home improvement documentation and receipts
Receipts for major purchases
Powers of Attorney
Current insurance policies (like your current home and auto)
We love how practical this level is! Get some cute folders and get organized. 😊
Stay tuned every week for a new level in the series!
In case you missed it:
Pineapple Finance Co is a collaboration between Emily and Elizabeth with a goal to answer one simple question: could they use Instagram to improve Canadians' financial literacy.
You can follow Pineapple Finance Co. over on Instagram, and we've linked two other blog posts written by Emily and Elizabeth here:
Financial independence is a huge part of being a strong, independent person, and it is our mission to help women, and anyone who doesn't feel safe or welcome in financial spaces typically dominated by cis men, set themselves up for financial success.
At Untangle Money we help women understand their (real!) financial picture, and obtain financial guidance from people that actually, really, get it. We would love to help you, too! Join the community of hundreds of other women looking to strengthen their financial well-being. You can check out our products and plans here or get in touch for a free consultation!