There are several reasons that can make you want to keep paycheck stubs. The first thing that will I ir necessary is because they are proof of your income. AS you look for an apartment, the landlord may want to prove that you can raise the expected rent, and that is one of the ways of making the person know you can raise the rent. 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.
What is most important is to make sure you can tell what of the many records you are likely to use again and then discard what will no longer be useful. 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 filel; how long to keep paycheck stubs?
The best thing about technology is that you can keep digital records to reduce the paperwork in your store. That will help you store your paycheck stubs without taking physical space. With cloud storage the users can have affordable storage of a significant amount of information. The technology can help you helps you to store as much information as possible without tiring the computer. You may not be able to fill the storage space with just filing paycheck stubs. Watch this video at https://www.youtube.com/watch?v=-5fPjUFooY0 and learn more about pay stubs.
On the other hand it does not mean that you should keep a copy of all your paycheck stubs from the day of employment to the day you retire from the organization. That is why you need to identify which of the many records should you keep and for how long. As much as digital filing can make your work easier, there will be a time when you will still need to get rid of some of the files, and it is essential to know which ones you can discard.
There are specific guidelines on what to file and what to throw away. When it comes to paycheck stubs, keeping them for one year is sufficient enough. After one year you may not find the information useful, and you may want to replace with the most current ones. That goes hand in hand with bank statements. When it comes to getting financial support like a loan the financiers will ask you is to provide your paycheck stubs for a certain period of time as well as the bank statement. You will be able to produce the information that is needed at a given time when filing is done in the right away. Read more on how long to keep paycheck stubs.