What Should You Do with Old Receipts?

[ocean09]

Hi everyone,

What do you do w/ your old receipts (purchasing stuffs in stores? Do you throw them away or keep them in a box just in case anything will happen?

 

[JasonRox]

I have to keep mine.

I just got accepted financially for disability, so I'm required to keep them now. I have been doing ok for now, but it's not too critical yet because I haven't been accepted medically yet. Still waiting on that.

I plan on getting folders to organize them on a monthly basis, and when the year ends, I'll put them in a yearly folder.

Before this, I just through them out. Sometimes I shouldn't have because I could have returned things. I could have saved atleast $500 in the past 5 years.

 

[Sir.Aaron]

It depends on what I buy. If its somthing really expensive(computer,TV,ect...), then I will keep the recipt for a little while.But anything else I will just throw them away.

 

[hypatia]

Because of the way I do my taxes, I keep them all. Filed by week, month, then by year. I keep them for 5 years, only because the IRS says I half to. I've been doing it for over 20 yrs, so its a habit by now. I do recall when it was a chore.

 

[brewnog]

Some of my VAT is claimed back off my petrol and Diesel receipts, otherwise I just keep them for however long the product is under warranty for, and bin them.

 

[DaveC426913]

I tend to only keep receipts for items over a few hundred dollars.

Oh, I have been getting into the habit of keeping prescription receipts, since they're deductible. I used to have a medical plan so that wasn't an issue up until recently.