7 Paper Purging Tips

Bring your personal documents in for free, secure shredding on May 5, 9-11am.

04/27/2018

7 Paper Purging TipsThe bank gets questions from customers about what papers they should save, what they can discard and the best way to handle both kinds of documents. Documents containing Social Security numbers, account numbers, credit card numbers and other personal information should be securely shredded, but there are other papers that should be kept and stored, either in a secure home filing system or a safe deposit box.
 
With that in mind, these tips can help you organize your paperwork and protect your identity. When deciding what to keep and what to shred, North Shore Bank offers the following guidelines:
 

  1. Bank statements – Okay to destroy after one year, unless you need them for tax purposes. Online and Mobile Banking and use of eStatements can help reduce paper pileup.
  2. Utility bills – Paid utility bills can be shredded and thrown out, unless needed for tax purposes.
  3. Tax records – Records can be destroyed after six years.
  4. Insurance records – Insurance records should be securely kept for the life of your policy.
  5. Life documents – Documents like birth and marriage certificates, diplomas, divorce decrees and military records should be stored in a safe deposit box indefinitely.
  6. Homeowner records – Records such as deeds and titles should not be thrown away.
  7. Receipts for major purchases – Receipts should be kept as long as you own the item.
 
Purging your papers can help you keep your private information private, like old, no longer needed taxes documents, and make room for you to store important documents for another year.

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