Share your insights or perspective on the financial matter presented in the input.

Organizing Expenses/Income/Personal Finance Documents (Paperless Office)
If it was me, I would organize something along these lines.  in large part because down the road when it comes time to purge stuff like small receipts, utility bills etc, you'll be doing it per year, at the 7 year point or something similar. Year first Under that major categories such as Mortgage, Utilities, Credit, Major Purchases, Home Improvement, Other I'd do a monthly breakdown for Other since it's likely to have a lot of little stuff, and bulking it up by month helps to organize it.  But I'd not bother with that for the other items, since there's going to be limited items in each one. If you are scanning stuff on a regular basis, and using a decent naming convention for the receipts, then you could easily sort by date, or name, within any of the larger categories to see for example, all the electric bills. in order. You might also want to look at a cloud service such as DOXO as an alternative to storing this stuff at home (they also work with a number of companies to do electronic billing etc)  In terms of retention, if you are a homeowner, save anything related to your mortgage and anything that goes towards the house, even little maintenance stuff, and any improvements, as all of that goes against the cost basis of the house when you sell.  Generally, after 7 years, you are unlikely to need anything in the way of small receipts, utility bills, etc.   in any case, be sure you have regular backups offsite, either by storing stuff in the cloud such as doxo, or via a regular backup service such as carbonite.  you don't want to lose all your records to a house fire, natural disaster, or having your computer stolen etc.