Receipts: to keep or not to keep?
August 2, 2006 4:27 PM Subscribe
I have been keeping all of my receipts for some time now. Every day, I enter them into my money tracking system (presently just a text file where I capture date, payee and amount). Then I file the receipts away in folders by month. My question: does it do me any good to save the receipts, or is having the data good enough?
posted by ivarley to Work & Money (11 answers total) 14 users marked this as a favorite
FYI: these are just personal receipts, not business (I know to save those). I've never had to bring out individual receipts for tax purposes before, but my understanding is that if I got audited, having all my receipts would be very helpful. Is that true?