How long do you hang onto receipts, tax returns, and other pain-in-the-neck financial papers?

Here’s some helpful, straight-forward advice to cataloging your finances in How to Organize Your Financial Documents: A 4-Step Plan on Women & Co.

The tips suggest going paperless, using credit cards, paying bills online, and tossing the sheets and receipts. While the author recommends credit cards to keep tabs on expenses, I use a debit card because I don’t want to incur debt. But you can choose your plastic depending on whether or not you want to take advantage of card rewards or wish to refrain from overspending. If you faithfully pay off your balance at the end of the month you probably don’t have a problem with debt.

This site is maintained by Citicorp—and you’ll see plugs for their services. Nevertheless, it’s a worthwhile place to frequent.