Income Tax Support Having your tax documents organized will get your refund quicker. Since you don’t lose time procrastinating and experiencing task avoidance syndrome that searching for a years worth of tax records at filing time. Not having organized documents is a reason that many people due a refund either file late or not all. Also, you are prepared if audited.
More Time Time saved not looking for stuff. A British study shows a 60 year old person will spend over 3,680 hours or 153 days looking for lost items in the lifetime. Paperwork was the 4th most searched for item in list of top 20. Good records provide facts necessary to shorten the time it takes to do almost anything. Easily resolve an issue, file insurance claims, collect government benefits, apply for a loan, prepare income tax returns or find something when you need it.
More money Quickly provide proof of agreements made and costs paid or incurring late fees.
Emergency preparedness and resilience In the event of an accident or emergency, good records support personal information, financial and health history and ownership. Provide medical professionals information that may be critical to your care or the care of a loved one.