How Long to Keep Paycheck Stubs
There may be various reasons that would make you want to keep paycheck stubs. The first thing that will I ir necessary is because they are proof of your income. One of the ways of showing your landlord that you will be able to raise the rent is by showing a copy of your paycheck stub, The other time when you may want to use the paycheck stub is when you are filing your income tax. You may want to keep a good record of your finances, but that does not mean that you will not want to discard some of the records that you will no longer use.
You need to be able to know what you will need out of the many records that you have and drop that which you are not likely to use again. With the following information you will be able to know which of the items you may want to keep and for how long. That will help you to have a clean record of things but with a less bulky file
What is interesting is that with the current technology you can have your digital storing of your information to make the file less bulky. That will help you store your paycheck stubs without taking physical space. The cloud-based solution offers users the ability to store a large amount of information in a more affordable way and also one that reduces the use of physical filing space. The technology can help you helps you to store as much information as possible without tiring the computer. That means it is not likely o fill the storage space with just pay stubs.
However, that does not mean you have to keep all your pay stubs until you retire from the origination. That is why you need to identify which of the many records should you keep and for how long. As much as filling I made easier by the digital filing; you will reach a time when you also want to reduce some of the files.
There are some things that you are supposed to keep for a specific reason, and there are others that you can get rid of immediately. The information on the paycheck stubs may only be relevant for one year. After keeping for one year you may n need the data any more and discarding it may just be ok. That should be together with bank statements. You should be able to provide a record of your bank statement as well as your paycheck stubs forte period requested especially if you are asking for a financial support like loans.Retrieving the information that is well files will not be complicated.