Sorting and filing important financial documents is challenging to so many investors.

Keeping proper documentation is important. Having the right documents helps if you are audited. They also help if you want a loan, need to prove you own an asset or to support you in a lawsuit. Declutter your files to keep only essential documents. This can give you clarity about your money matters. Finally, well-organized critical documents are so useful in case of emergency and to heirs. This applies to physical files and digital files.

Read more for some document management ideas.