How long do I keep bank statements, paid utility bill statements,etc. before I can shred them?

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katbil1962

How long do I keep bank statements, paid utility bill statements,etc. before I can shred them?

1,1,2,3,3,4, 5,5,6,6,6, 8,8,8,10

I keep them until the company acknowledges receipt of payment.

DebiDel

You can toss all of the bills as soon as they're paid. I would keep the bank statements and put them with your tax records.

Marc W

Keep anything with income tax implications for at least three years. That is as far back as they can go for an audit.

I would keep bank statements and utility bills a minimum of a year. You may need to show these when acquiring a home or reestablishing service.

Its probably easiest to just keep everything for three years.

Eric

7 years

buckskinbabydollâ™¥

I go with the 7-year rule with all bills.

drewdog

i was having legal problems and the lawyer asked for the last six months of all my bills so now i keep my bills for 7 months

shackbay

Always keep bank and credit card statements for 7 years. If you ever get audited for taxes you will need this information. If you have to get back bank statements from your bank it will be very costly. The other bills like water, gas etc... you only need to keep until the next bill comes in and shows your credit from last month.

Scarlette- The Iridescent One

I've heard 7 years. I'm not sure though. But I know it's a really long time, and required a buttload of filing.

hunnysweetgirl

7 years according to the IRS.

Shred Guy

The retention schedule depends on the document. Here is a good place to start: http://www.shrednations.com/articles/personal-records-retention.php

AZRAEL

3Years(For IRS and other ****** govmn't agecies)

RockHanger

Some people say One Year for billing statements,.. 'not sure about BANK statements and other documents,...

The Clark Howard website is a good resource for questions like this.

http://clarkhoward.com/

Kathy M

The norm is one year but some prefer to hold on to them a little longer. I keep them for 18 months, just to be on the safe side.

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