Or­gan­ise your pa­per­work

Weekend Argus (Saturday Edition) - - PERSONAL FINANCE -

Fil­ing may be an F word, but if you do not have a rudi­men­tary fil­ing sys­tem, you will strug­gle to find ac­counts that you need to query, doc­u­ments you need for in­sur­ance claims and the in­for­ma­tion you need to com­plete your tax re­turn.

In ad­di­tion, your fam­ily may have dif­fi­culty find­ing your will and life poli­cies should they need to.

Set aside a safe place for all your im­por­tant doc­u­ments.

A con­certina file may pro­vide a quick way to or­gan­ise reg­u­lar bills af­ter open­ing the mail. At the end of the year, bun­dle the bills to­gether in a file for that year and store them, re­mem­ber­ing that doc­u­ments you need to com­plete your tax re­turn should be kept in an eas­ily ac­ces­si­ble folder. If you re­ceive your bills and state­ments elec­tron­i­cally, make sure you have an elec­tronic fil­ing sys­tem and that you back up the stored data reg­u­larly.

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