Should I Shred Utility Bills?

How far back should you keep utility bills?

24 monthsA good rule of thumb is to keep any bills that you may want to review at a later date for 12 – 24 months..

What papers to save and what to throw away?

What Financial Documents Should You Keep Forever?Birth certificates.Social Security cards.Marriage certificates.Adoption papers.Death certificates.Passports.Wills and living wills.Powers of attorney.More items…•

What papers do you need to shred?

Which Documents Should You Shred?Old ID. Your birth certificate and Social Security card are two documents you’ll want to keep in a safe place forever. … Old Cards. … Medical or Banking Information That’s Over a Year Old. … Tax Information That’s Over 7 Years Old. … Other Documents That Contain Personal Information.

How long should you keep your bank statements?

one yearKey Takeaways. Most bank statements should be kept accessible in hard copy or electronic form for one year, after which they can be shredded. Anything tax-related such as proof of charitable donations should be kept for at least three years.

Should I keep old insurance cards?

Keep for a short time Debit/credit card receipts – Keep until you’ve checked them against your monthly statement. … For auto insurance, most states accept electronic versions of your insurance card, but it may also be smart to keep a printed version in your glove compartment.

How long should you keep monthly statements and bills?

Chart: What records to keep, how long to keep themDocumentHow long to keep itCredit card statementsOne monthPay stubsOne yearBank statementsKeep monthly statements for one year. Keep annual statements related to your taxes for at least seven years.Utility and phone billsOne month5 more rows•Mar 15, 2010

What should you not shred?

Be sure to lock up any important documents that you don’t shred, including birth and death certificates, adoption papers, marriage and divorce papers, citizenship papers, Social Security cards, tax-related documents, deeds and titles, and financial statements.

How do I get rid of old photos?

So, first I would suggest you shred the photos. Then call your local Hazardous Waste Disposal Facility (try your city or county website for phone numbers or lists of accepted waste) to see if they accept old photos. If not, then seal the shredded photos in a heavy plastic bag and place in the trash.

How many years of medical records should you keep?

seven yearsRegulations & Record Retention Federal law mandates that a provider keep and retain each record for a minimum of seven years from the date of last service to the patient. For Medicare Advantage patients, it goes up to ten years.

Is it safe to throw away old utility bills?

Keep electric, gas, phone and other utility bills for one year before discarding. The exception is if you claim a deduction on your taxes for a home office; in that case, keep those bills for three years.

Should I shred old bank statements?

You probably already know that you should always shred documents that contain your name and address or financial information, such as bills and bank statements. … There are many types of document that you should dispose of securely – not just those that contain obvious confidential information.

When should you throw away bills?

Utility Bills Keep for one year and then discard — unless you’re claiming a home office tax deduction, in which case you must keep them for three years.

What papers should I keep and for how long?

How long should you keep documents?Store permanently: tax returns, major financial records. … Store 3–7 years: supporting tax documentation. … Store 1 year: regular statements, pay stubs. … Keep for 1 month: utility bills, deposits and withdrawal records. … Safeguard your information. … Guard your financial accounts.More items…

Are bank statements safe to throw away?

You should probably keep hold of credit card and bank statements for a year but you can throw away other household paperwork like utility bills.

Should you shred your mail?

Junk Mail Junk mail comes in every day. … Don’t just toss the junk mail in the trash bin; shred it. Given merely your name, address and a credit offer, someone malicious could take out a line of credit in your name and spend money, leaving you on the hook.