Since the and of the year is coming up, I thought that this would be a good time to post this question.
I tend to be a pack-rat -- keeping all monthly statements from all bank accounts, credit card bills, mutual fund accounts, IRA accounts, etc. As a result, my file cabinet is starting to overflow with paper.
Although I have a flatbed scanner, I find scanning each monthly statement, and setting up a back-up strategy, etc to be tedious. I'm wondering for how long it would be advisable to keep each month's statement. Note that I do keep my tax returns and supporting documents for at least 7 years, and I also use Quicken to track all of my finances.
Any thoughts on this would be appreciated.
Thanks!