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At the end of the year bank and credit card statements are put into a shoe box. Cell phone and utility bills are kept 3 months. I also go through my folder for instructions and warranty info once or twice a year and get rid of stuff I don't have anymore. I've finally gotten rid of papers and school work. I haven't looked at in years, obviously I don't care that much about it. Taxes stay (only the forms I mailed in and pay stubs).
I've been able to maintain one cabinet for the last 10 years with this plan.
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Spork is the new MacGyver
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