It may be tempting to ignore electronic invoices, throw away letters from bill collectors, or toss unopened bills into your junk drawer, but pretending your bills haven’t arrived doesn’t make them go away. Open all your bills as soon as they arrive.Aim to keep statements and related documentation for three years from the date paid to ensure that you can reference them if needed. If you’ve opted for all online payments, create a folder within your email to store alerts and digital receipts. If you decide to organize your bills digitally, scan the physical copies and store the files on your computer’s hard drive or upload them to a cloud storage platform. Then keep that folder in the same place as your other important financial documents. If you receive both, print out digital statements and place them with the physical ones in a folder. Whether you choose to receive electronic or physical statements, the important thing is to keep all of your bills in one place for easy access. If you struggle with keeping track of your bills, these methods may help: When you’re dealing with an influx of utility bills, credit card statements and other debts each month, it can be difficult to organize your finances and ensure you meet all of your payment deadlines.
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