Most people don't know which financial documents to keep and which to toss-so they save it all.
Solution: A fast, flexible filing system based on keeping ONLY the documents you need, in big folders (which you can subdivide on an as-needed basis). For now, focus on broad categories-"and set up your 2011 files, while you're at it.
Supplies: Two flat-bottomed, expandable hanging folders; manila file folders; labels; about one hour-and a good friend. Put on a scary movie, popcorn, then...
What to KeepStash the following papers in individual folders, labeled as follows:
Personal tax items
Business-related tax items
Credit card statements
Retirement account statements
Investment account records
Insurance policies: life, health, home, car, etc.
Home: mortgage and property tax docs; repair records