Posted by mtwinkle on June 23, 2007
Assign one big basket for keeping all the receipts.
At the end of the month, categorize those as:
1. Receipts from major purchase. (electronic items, furniture etc.) – Save these either for tax purposes/warranty/rebates. Make a proper file for these.
2. Receipts from clothes / grocery shopping – shred or keep them as required. If possible, arrange them store-wise. Store them in a box/file as required.
You may use a gum stick to glue them all together.
Save the receipts year-wise. i.e. at the end of the year, keep file 1 and file 2 receipts in a permanent storage with year properly marked upon them – may be staple a year tag on these receipts(or shred them if no longer required).