7 steps to clean up financial clutter
Shred old account statements
One tangible sign of out-of-control financial clutter is piles of monthly account statements -- or unopened envelopes that contain those statements. To get this paperwork under control, set up a filing system for current open accounts and stash the old statements, sorted by year and type of account, in shoe boxes. Write the year and the status of the accounts -- OPEN or CLOSED -- on the outside of each box. At the end of each year, pull the oldest boxes off the shelf and shred the contents.