Get a Filing System in Place

Get a Filing System in Place

Get a Filing System in Place

What is the Money Date? A weekly time to check in. 3 things we review and update: 
1. Spending
 2. Earning
 3. Savings

“For every minute spent organizing, an hour is earned.” – Benjamin Franklin

Spring is around the corner and it always brings out the urge to organize, clean, and maybe even purge! It feels good to start fresh. In today’s Money Date, I want to chat with you about what does your filing system for your finances should look like.

Paper Filing System

We all have a spot in our home where we can set up a small drawer or filing cabinet. There are a few types of financial records you need to keep hard copies of:

  • Investment and banking statements
  • Tax returns (up to 7 years’ worth for audit purposes)
  • Personal items (birth certificate, social security card, property deeds, car titles, etc.)
  • Your will and insurance policy information

I highly recommend scanning your paper documents and storing them in the cloud so that in case of fire, flood or earthquake it can be recovered.

Online Filing System

Over the last 5 years or so, a lot of online programs such as, Quicken or Personal Capital allow you to organize your finances in a variety of easy-to-use dashboards. These programs give you an overview of your financial picture: investment accounts, bank accounts, your debts, your personal property, etc.

Watch this Money Date to learn more about the right systems for you.

Anna Sergunina
Anna Sergunina

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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