How To Organize Your Bills And Tax Returns Then Relax

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Today I am going to show you How To Organize Your Bills And Tax Returns one more way. This may work, or may not work for you. I used to do Private Banking for clients at a bank in Salt Lake City, Utah about 17 years ago. I also did mortgages for those same clients when I opened my own mortgage company for another 15 years. I had some clients who were organized with their “financial stuff”, and more that were unorganized.

Today I am going to show you How To Organize Your Bills And Tax Returns one more way. This may work, or may not work for you. I used to do Private Banking for clients at a bank in Salt Lake City, Utah about 17 years ago. I also did mortgages for those same clients when I opened my own mortgage company for another 15 years. I had some clients who were organized with their “financial stuff”, and more that were unorganized.

The reason I want to explain why I am doing today’s post is that I have found over the years more people need help organizing their financial stuff than they realize. Oh, and some people could care less to organize anything. I sometimes wonder why I am such an organized freak…….is it because I am left handed? I have to laugh, I really don’t know why I love to organize stuff. I was so lucky to own my company and have each of my daughters work for me, as well as my awesome son-in-law. Well, my girls grew up watching me organize things and when they worked for me they knew how to organize everything…..loved it!

Please picture this….because I was a banker and mortgage broker I would need to ask my clients for tax returns, pay stubs, bank statements and investment statements (for any loans or lines of credit). I soon learned the clients that were organized and those who were not. We are all so different in how we prioritize things. I would always give my clients hard cardboard folders filled with their tax returns and W-2’s, 1098’s and 1099’s before returning the items to them. Most would smile and thank me for “organizing” their stuff.  Let me know if this would help you to organize your life a little more.

Medium Heavy Weight Pockets To Organize Receipts

These are a medium heavyweight material for my tax returns to protect for storing for future use if needed. These are pockets I use for throw away receipts, keeping large item receipts, and tax-deductible receipts.

filing pockets for receipts

Heavy Duty Folders With Two-Hole Punch To Organize Tax Returns

I use duct tape on this two hole punch to keep it in the correct position for punching the holes. These heavier folders I organize tax returns and store them for eight years so I like them to be in a stronger, sturdier folder.

Two hole punch

I think my brain never stops thinking up “projects”…….just saying. So then I started making sets of the following folders for all my clients when I did a loan for them. After that I started giving the sets as a gift to family members and friends. Here is the list I use in alphabetical order:

BANKING

CARS

INSURANCE-CARS

INSURANCE-HEALTH & LIFE

INVESTMENTS-IRAS

MEDICAL RECORDS

MORTGAGE/RENTAL STATEMENTS

PAYCHECKS

PROPERTY TAX INFO

RECEIPTS-DISPOSABLE

RECEIPTS-LARGE ITEMS

TAX DEDUCTIBLE RECEIPTS

UTILITIES

TAX RETURNS 2017

TAX RETURNS 2018

TAX RETURNS 2019

TAX RETURNS 2020

Medium weight pockets

Heavy duty folder

Two-hole punch

Pantry Ideas by Linda

18 thoughts on “How To Organize Your Bills And Tax Returns Then Relax

  • January 15, 2014 at 9:25 am
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    I love using folders to and expanding folders with labels. Makes just dropping paper in so easy as you go through the year. And then when the time hits at least your a bit more prepared. I am not ready to think taxes yet though, lol.

    Reply
    • January 15, 2014 at 5:10 pm
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      Theresa, I love having a filing system to help keep things organized. It makes it so much easier at tax time. I am not ready for tax time either! LOL! Hugs! Linda

      Reply
  • January 15, 2014 at 5:46 pm
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    I love how organized you are with your paperwork. I love using pocket folders to collect receipts all year long in one spot for next year’s taxes. I’d love if you’d like this up a https://organized31.com at Inspire Us Thursday Link Party.

    Reply
    • January 15, 2014 at 7:52 pm
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      Susan, I will right now. I am getting a giveaway ready for Friday. I will hop over there right now! Thanks so much! Hugs! Linda

      Reply
  • January 16, 2014 at 4:56 am
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    I’ve just discovered your blog and absolutely love it. We have a file drawer in my husband’s desk that I’ve been filing all our “stuff” throughout the years. I clean it out a few of the filesevery January and start over, especially our receipts file…which I pile into one folder that gets absolutely humongous. We have been having a problem with my particular filing system…like finding the folders… and need to change over to yours and give it a try. I like your titles better than mine. I’m not familiar with your particular file folders and would love to give them a try. I see that you hole punch yours. I’m just curious, what is the extra benefit in this?

    I have copied your titles and am going to change over and reorganize my files within the next week or two.

    Thanks for your great advise.

    Missy

    Reply
    • January 16, 2014 at 7:26 am
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      Hi Missy, I will ship you a set for FREE if you live in the US. Give me your address and I will send you a set. The reason I use the two hole punch is because it punches holes that fit my folders. It holds everything securely. I will ship you a set. Please email your name and address to: foodstoragemoms.com Thanks for commenting! Hugs! Linda

      Reply
      • January 17, 2014 at 4:23 am
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        Oh wow…Thanks Linda….Do you have an email where I can send you my mailing address? I live in Orange, Texas.

        Reply
      • January 17, 2014 at 4:27 am
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        I found your contact info, Linda. I’m sorry…I’m still not very savvy on these blog sites. I’ve sent you my mailing address.

        Thanks again.
        Missy

        Reply
        • January 17, 2014 at 2:41 pm
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          Hi Missy, I got the address and will be mailing it today hopefully. Hugs! Linda

          Reply
  • January 16, 2014 at 8:49 am
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    Your files are so pretty! I love organizing stuff. Last summer I pulled out every piece of paper we have and spread them all over the living room floor. I made new hanging files for each category and felt so empowered by the process. I totally knew where everything was. Sadly, I’m not as good at maintaining. You have inspired me to create a new system that is more accessible for more current things. We do have a basket on top of my desk that we toss all of the 1099s and W-2s in when they arrive in the mail.

    Reply
    • January 16, 2014 at 9:14 am
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      Hi Bonnie, thank you for stopping by! I love your blog I just discovered today! You at least have a basket where you toss your important stuff! I love it! Hugs! Linda

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        • January 22, 2014 at 7:08 pm
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          Hi Bonnie, I am so glad you were inspired to take action on your desk! I am going over there to check it right now! You rock! Thank you so much! P.S. I love your website! Hugs! Linda

          Reply
  • January 17, 2014 at 5:10 am
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    Linda, I found you through the Friday with Friends party, and I’m so happy I did!
    I’m the worst organizer in the known universe! I’m almost afraid to start because I don’t have anywhere to set up a filing system in my apartment. Can you say shoe box filling?

    Reply
    • January 17, 2014 at 2:47 pm
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      Hi Becca, I am sure when I started I used a shoebox too! LOL! Sometimes you can find a box that will hold hanging folders and then use binders and pockets to hold your stuff. It does not have to be very big. You can even put it in a cabinet or closet. This way when you need to find something you know right where it is. Here’s to organizing! Hugs! Linda

      Reply
  • January 19, 2014 at 9:46 am
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    I love this idea. I like to think I’m organized but I’m not. I have just started doing contract therapy work and it is more important now that I have a good system for tax time next year.

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  • January 23, 2014 at 10:34 am
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    Does it mean I am organized if I have a box for receipts and another box for the farm receipts? I put them in the box about once a month! Lol

    Reply
    • January 23, 2014 at 1:49 pm
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      Hi Tere, LOL! I think as long as you know where the box is that means you know where your stuff is! Love it! Linda

      Reply

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