Keeping track.
WHY IT MATTERS
Records are required for credit, tenancy, employment and disputes.
WHAT TO KEEP
Payslips and evidence of income Bank statements Receipts for significant purchases Loan agreements and repayment records Insurance policies Tax records, where applicable Property and tenancy documents
HOW LONG
Several years for most things, permanently for property and major agreements.
WHAT TO ESTABLISH
Somewhere they are kept safely.
WHY
Documents lost when needed cause real problems.
WHAT TO CONSIDER
Digital copies, stored separately from the originals.
WHY SEPARATELY
Fire, flood and theft take everything in one place.
WHAT TO PHOTOGRAPH
Identification documents Property documents Insurance policies Anything difficult to replace
WHERE TO KEEP COPIES
Somewhere accessible but secure.
WHAT TO ESTABLISH
That someone you trust knows where things are.
WHY
It matters if you are unavailable.
WHAT BUILDS A FINANCIAL RECORD
Using formal accounts Paying obligations on time Keeping evidence of it
WHY IT MATTERS
Lenders and landlords assess history, and its absence limits options.
WHAT TO ESTABLISH
That significant payments are traceable.
WHY
Cash payments build no record.
WHAT TO REVIEW
Your accounts and obligations, periodically.
WHAT TO CHECK
That nothing is being charged that you did not authorise That recurring payments are still wanted
WHY RECURRING PAYMENTS
Subscriptions continue long after they stop being used.
