How to Keep Your Financial Files Safe

Published on April 12th, 2017


With tax season coming to a close, it is very important that you keep all of your important financial papers very organized and safely put away. If you want to have a good grasp on your finances, being organized is the first step. Use these tips to keep your financial records safe and organized this year:

1.Location, Location, Location

If you are someone who feels the need to keep all financial papers present in your home, pick a central location designated for just those papers. This area should be very organized and have all statements, tax forms, receipts and other documents in a fire-proof safe or cabinet.

2.File everything

A common issue people have in their homes is they tend to keep piles of important papers lying around in different rooms. This not only causes your home to be more cluttered than usual but it also adds onto the stress for when it is time to get your taxes done and you are trying to locate everything. File all statements, receipts and other documents the minute they are in your possession. It will be beneficial in the long run.


3.Keep security in mind

Even though financial documents may be stored in your home that does not necessarily mean they are safe. Visitors could easily take pictures of your financial or tax documents if they are just lying around. Keep all documents that have important information on them locked away in a cabinet. Computers at home should be password-protected and back-up copies of documents should be kept in a separate space nobody knows about.

4.Know when to shred

Some believe they should keep tax documents in their possession until they are ten years old; others like to get rid of “extra” papers the minute they get home. Knowing when to shred things is important. According to Kramerwealth, tax documents of any sort should be kept for around three years and bank, loan and credit card statements can be kept for a year. 


5.Store files electronically

There are many ways to store your important financial documents electronically. Storing these files electronically can help you keep files all in one location, makes it easier to access when you need information in a timely fashion and can keep away identity thieves. You are able to store files on portable USB’s, external hard drives and even web-based storage devices. Just make sure these are secure and password-protected.

Keep your files organized and safe this year and from here on out with these tips. Your financial information is important to us and we believe in keeping it safe and protected. If you have any questions about how vLoan does mortgage digitally, do not hesitate to contact one of our mortgage advisors today at 1-844-77-vLoan. We can’t wait to speak with you. 

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