Summary
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Being a responsible money manager includes maintaining good financial records.
Although record keeping is probably not at the top of anyone's to-do list, saving important financial information and being able to find it when you need it is essential to such things as:
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- Resolving money-related problems
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- Meeting your tax responsibilities
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- Getting what you are entitled to when you sign a contract
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This doesn't mean that you need to hold on to every receipt, check stub, cancelled check, forever. It means that you need to know what to keep and how long to keep it and that you have an easy-to-use system for storing your records.
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