GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Each piece is evidence of what transactions you have signed, paid for or received.
A well-organized financial paper trail provides crucial protection, accountability and transparency for your financial well-being.
Here are four ways apaper trail of financial records can safeguard your money.
One of the primary reasons to maintain a financial paper trail is to have verifiable proof of transactions.
Without the necessary documentation, its your word against the other party.
The IRS loves a document, and without them, you could face fines or worse.
Disputes may arise among family members, and assets could be overlooked, unclaimed or lost.
More From GOBankingRates
Share This Article:
The Latest inMoney
