Wednesday, January 17, 2007

Works For Me Wednesday

Well I was going to post this last week, but since that was a themed WFMW, I'll post it this week.

I redid my filing cabinet one night when I couldn't sleep because it was taking me too long to file.

First I put all the files I likely wouldn't need again at the back of the cabinet behind the divider (i.e. non current tax years, I have to keep them in case I'm audited).

Then in front of the tax year folders I put folders that I need rarely, like insurance (I only get one letter a year), car repair bills (4 times a year). Investment files from previous years etc.

In the front on the drawer I have the following 6 hanging files:
Household Bills (hanging file) with folders for: water, gas, telephone, electric, property tax (shred old bills)
Credit Card - Each card in it's own folder (shred old bills)
Banking - Each bank in it's own folder by year (i.e. CIBC - 2007 moves to the back of the cabinet at the end of the year)
Investments - each company with year in it's own folder i.e. "Fidelity - 2007" then that file moves into the Fidelity folder at the back at the end of the year
Pay Stubs - usually moves into the tax folder for the year
Taxes - 2007 - folders for me and hubby

This makes my filing easy for me, it took me about 2 hours to rearrange things and complete a few months of filing (not much, since it's bills and paystubs). Now it takes only 2 minutes to do a month of filing, whoppee!

For more Works For Me Wednesday solutions head on over to Rocks in my Dryer.


mom of 2 said...

I have a similar system which works well when I actually use it. My problem is that I have a sort of "catch all" file in a kitchen cupboard. I put things that need to be filed in this file in the kitchen because the file cabinet is upstairs. I figure I'll file it when it gets full, but usually it's about twice a year when I can't cram a thing more into it that the stuff actually gets filed or shredded. I just need to get rid of my "catch all" file and force myself to take the stuff upstairs!

mom of 2 said...

Ok, I'm now inspired! I'm going to clean out my catch all file right now!

Nikki said...

Sounds wonderful! There's nothing like a nicely organized filing system. Thank you for sharing your WFMW tip!

Larae said...

Great idea! Thank you for sharing =)