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A Reformed Hoarder's Guide to Records Storage Effective record-keeping is one thing. Holding on to piles of paper is another thing altogether.

By J.D. Roth

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Time to Banish the Pack RatMy name is J.D., and I'm a hoarder. I'm afraid to toss anything, particularly financial records. For more than two decades, I've been stuffing shoeboxes with Subway receipts, canceled checks and Amazon invoices.

Recently I moved from an 1,800-square-foot house (plus storage space) to a 700-square-foot apartment. Necessity forced my hand: I had to learn which financial records to keep and for how long. Here are the questions I pondered.

Why? There are two basic reasons to keep records.

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