How Long to Keep Personal Financial Records?

Answer

Financial documents are vital to anyone who earns an allowance or salary of any kind. One is asked to keep financial records or other bank statements for at least 3years. This is important because it may be used to prove your tax returns.
Q&A Related to "How Long to Keep Personal Financial Records"
As a general rule of thumb, you should keep all of your financial record for at least seven years. A good way to keep track is at the end of every year, put all your financial records
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Keeping good financial records is often a necessary step if you want to make sound money decisions and avoid financial challenges. Tracking purchases and saving for financial goals
http://www.life123.com/career-money/investing/inve...
Anything dealing with your home should go in a specific file. You can label the file "House Records" or something similar. This should include your mortgage papers (copies
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this is mainly for our future reference and also for audit purpose.
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Explore this Topic
Financial records should be kept until after a person has completed their taxes. Once you have completed your taxes a person should keep any document that could ...
As a general rule of thumb, you should keep all of your financial record for at least seven years. A good way to keep track is at the end of every year, put all ...
As a general rule of thumb, you should keep all of your financial record for at least seven years. A good way to keep track is at the end of every year, put all ...
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