Let’s talk personal files today.
You don’t need to keep everything, but you do need to determine what’s important.
I keep the following files: budget, current taxes (for the next filing), office supply receipts for my business, a medical file, past taxes (7 years and then I purge them), home renovations, major receipts (appliances, computers, furniture), mortgage, cars, insurance, financial (banking, credit cards etc.), and investments. That’s it.
If you have specific situations to keep other files, think them up and label them too.
The key here is to label your folders and file accordingly, and purge the rest.
Then, set a reminder every couple of months to go through it and purge and sort.
Good luck conquering the paper monster!