Keeping good financial records
Getting organised now can save time and worry later.
Keeping your financial records in a safe place, like a filing cabinet, is a good habit to get into. There will be times in your life when you’ll need to find financial information for the bank or tax department. You’ll save time and worry if it’s easy to find what you need.
Tips
- Keep your bank account, credit card, loan and investment statements, invoices and receipts, wage or salary slips, loan agreements, and other important financial records
- Label each file to match what it holds
- Have a file for important certificates – birth certificate, qualifications, passport etc
- Have a file for tax related things – IRD number, returns, tax information
- If you’re a home owner, keep a file for house related things - mortgage agreements, house and contents insurance policies, house plans, home improvement receipts, builders’ guarantees
- Make a file for car-related information - ownership papers, servicing receipts, insurance policies, registration receipts
- Keep ‘bills to be paid’ in a handy place so you won’t forget to pay them
