Receipts seem to really confuse some people.  I have seen clients hold onto YEARS of receipts.  They are in ziplock™ bags, crammed into junk drawers, stacked and sliding off counter tops, and forced into bulging file folders.  They come into the home every day but never leave!

There are really only 3 kinds of receipts:

• Weekly
• Big Ticket Items
• Gifts

Weekly receipts come from the grocery store, doctor visits, medication, clothing purchases, and other such purchases made needed for your home and car maintenance.  Big ticket receipts are for large purchases like a washer and dryer, new roof, computers, TV’s… you get the idea. And gift receipts are for – you guessed it – gifts purchased.

Do you need to hang on to each and every receipt?  The short answer is “no”.  The long answer is “it depends”. And that’s where folks get stuck – it depends.  Once they are stuck, no decision is made and hence years’ worth of receipts clutter their life.

At my Declutter Your Life groups (in Sacramento and Chico, CA), this was a hot topic so I created this flow chart to help with the decision making.

The bottom line here is that receipts will hang around forever until you make a decision. The chart reflects what to do with a receipt if you are at home or out and about. The basic premise is this:

1. Set up an in-box to collect receipts.
2. Have a folder or envelope to save questionable receipts for 6 months; purging on at the beginning of each new month.
3. And for the large purchases, keep the receipts with the product manuals.

So take control and start making decisions about those receipts!