Saving receipts before filing...

[jdcat]

All of our big bills like mortgage, car payments and utilities are being paid online so the payments for those will show up on our bank statements. No receipts required.

I take our grocery/gas money out each week via atm and put it into an envelope. Each time I take money out of the envelope to pay for something the change and the receipt go back into the envelope. At the end of the week I organize the receipts by date then mark what week it was on the envelope. I'm saving receipts for everything just in case.

[pa308]

I hadn't thought about sorting them by month. I was sorting by receipt category. For instance, gasoline, auto repair, medical/dental/prescription, clothing, food etc.....

If they can see from bank statements where you are using your money--it is AS important to have a receipt for those items? Most of our stuff is done by debit, but some things i have written checks for--which would show only amount and check # on bank statements.

The nice thing about using the debit card if your bank has a decent online download, you can use it to budget with Microsoft Money.

I kept even the receipts that I used debit card, but I guess thats up to you depending on the description that shows up on your statement. Dont forget this isnt just for them, but hopefully a tool for you.