Most people are required to deal with documents that may contain some sensitive or confidential information on a day to day basis. It’s important that you understand how exactly you should be disposing of these documents as well as when you should dispose of them. Some financial information is required to be kept for a certain length of time. Without it, you might find yourself in some issues when it comes time to check your financial situation, such as tax documentation. You wouldn’t want any of your sensitive or private information being available for anyone to see, so disposing of it properly is key to remaining safe.
Almost all financial informational documents need to be shredded, but it’s important to know when you should dispose of them rather than if you should. Any tax information should be retained for a minimum of three years, in the case that you are audited or some other similar situation that would require you to drum up old tax information from a certain date. If you own a business and have to deal with a large amount of outdated financial information, you should utilize services such as a mobile shredding truck Boston business professionals trust.
Credit card statements are a document to be shredded, but you should keep them for up to a year so that if you were to run into any charge disputes on your account, you have the information to backup your claim. If you have any spare credit card receipts, however, you don’t exactly need to hold on to them like you would your credit card statements.
If you have any documents that may contain sensitive information concerning insurance, warranty agreements, or any home-related financial information, you should keep them for as long as they remain relevant or as long as you own the item. After there are of no use to you, shred them.