Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-05-2017, 05:29 PM   #21
gone traveling
 
Join Date: Mar 2015
Posts: 3,508
Quote:
Originally Posted by UnrealizedPotential View Post
So my question is did you or do you plan to select the option to go paperless? With the possible exception of tax forms , I can't see getting all this correspondence in the mail when I can access it online. Does anyone else feel the same way?
So far, I've resisted going paperless. While I pay all our bills online and would personally be fine going paperless, I'm worried about what would happen if I wasn't around or was incapacitated.

My wife can browse the internet just fine, but doesn't pay any of the bills. I worry that she would struggle with it. At least with paper bills arriving (every day ) I figure she will have a chance.

I keep trying to get her up to speed on our finances and all of the online sites I use. I have everything listed in one document that I keep up to date and printed. She keeps saying she will sit down with me to learn it, but so far nothing.

Maybe some day...
joeea is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-05-2017, 05:33 PM   #22
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 22,768
Quote:
Originally Posted by joeea View Post
So far, I've resisted going paperless. While I pay all our bills online and would personally be fine going paperless, I'm worried about what would happen if I wasn't around or was incapacitated.
I have that to think about too. DW can browse online, likes Facebook, send/receive email just fine but she'd be lost if she had to pay bills online. So as far as bill-paying goes it seems we'll stay in the 20th century for the foreseeable future.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 12-05-2017, 05:56 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Posts: 2,055
I have gone paperless. Once a month I go to all my accounts and download the monthly PDF statements. Pay everything online. So much better than paper.

I scanned in all my years of paper and threw them out as well.
jim584672 is offline   Reply With Quote
Old 12-05-2017, 06:25 PM   #24
Recycles dryer sheets
sheldon cornped's Avatar
 
Join Date: Mar 2011
Posts: 190
Method 1: Get bill/login/go to billpay/enter number/send

Method 2: auto bill pay

Method 3: Get bill/get checkbook/write check out/stuff envelope/lick or stick
stamp/go to mailbox/hope it gets there in time

Many online banking accounts have features that track all your spending by month, category, year etc....
sheldon cornped is online now   Reply With Quote
Old 12-05-2017, 06:28 PM   #25
Moderator Emeritus
Ronstar's Avatar
 
Join Date: Aug 2007
Location: Northern Illinois
Posts: 13,703
I'm all paperless. Print everything to pdf and scan anything that comes in on paper. Scanned all old documents and had a bonfire with the paper.
Ronstar is online now   Reply With Quote
Old 12-05-2017, 06:34 PM   #26
Thinks s/he gets paid by the post
RetireAge50's Avatar
 
Join Date: Aug 2013
Posts: 1,551
What is paper? What is a PDF? I can see and review all balances and transactions whenever I want with my pocket computer (phone?).
RetireAge50 is offline   Reply With Quote
Old 12-05-2017, 06:36 PM   #27
Dryer sheet wannabe
 
Join Date: Jun 2017
Posts: 19
With respect to my brokerage accounts (Schwab) , paperless except for end of year tax reports.

Once a year I:

-download pdf's of each monthly statement for each account for the previous year.
-create within the brokerage website and download an excel worksheet of "transactions" for each account for the previous year. This makes it easy for me to search for a particular transaction or to sum expenses. This data is only downloadable for 2 year period hence my yearly download.
happy8 is offline   Reply With Quote
Old 12-05-2017, 06:40 PM   #28
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Nemo2's Avatar
 
Join Date: May 2011
Posts: 8,368
Oops...thought this was yet another thread about RobbieB's bidets........don't get up, I'll see myself out.
__________________
"Exit, pursued by a bear."

The Winter's Tale, William Shakespeare
Nemo2 is offline   Reply With Quote
Old 12-05-2017, 07:41 PM   #29
Thinks s/he gets paid by the post
Katsmeow's Avatar
 
Join Date: Jul 2009
Location: DFW Area (Tx)
Posts: 4,786
We are mostly paperless.

I do get a few bills in paper form, but honestly I could get rid of most of those. Some of those come in both paper/electronic form.

I do pay everything online that I possibly can. The paper that does come in almost always gets scanned, converted to searchable PDF and then uploaded to Evernote (some very confidential financial stuff is kept locally only). Once I have done that I discard (shred) the original document. The exception is mostly things within a return window where it may be easier to have the original receipt.

For bills received only I can usually get a PDF and I do that and keept it as well.

I used to have lots and lots of file folders. Now I have 3 drawers and I could probably consolidate it to 2 if I wanted to.
Katsmeow is offline   Reply With Quote
Old 12-05-2017, 08:17 PM   #30
Thinks s/he gets paid by the post
VanWinkle's Avatar
 
Join Date: Oct 2017
Location: Morton
Posts: 1,816
Paperless here for all investing and monthly bills.
VanWinkle is online now   Reply With Quote
Old 12-05-2017, 08:35 PM   #31
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 1,047
Nearly paperless. I do print out the latest quarterly statement from Vanguard since 95% of our money is there. I started doing that after Clark Howard suggested keeping at least one recent statement of bank accounts just to prove that you have money in an account - I guess in case of a giant computer hack or something. Other than that, pretty much all paperless.
PatrickA5 is offline   Reply With Quote
Old 12-06-2017, 02:26 AM   #32
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,548
We're paperless except for property taxes, car maintenance files, and EOB's from health insurance company. Although we are paperless with our credit card companies, I print and keep the statements. I don't generally keep receipts and sometimes I've needed to research a transaction and it's so much easier with the hard copy statements already printed.
Scuba is offline   Reply With Quote
Old 12-06-2017, 04:28 AM   #33
Thinks s/he gets paid by the post
 
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
Having multiple homes makes it almost mandatory to go paperless. Almost nothing of importance received by mail. About the only thing is insurance premium requests, insurance companies are way behind banks on this. Maybe a couple of tax slips but almost all are available on line. Itís really amazing how the internet has changed our lives in a pretty short time.
Danmar is offline   Reply With Quote
Old 12-06-2017, 04:38 AM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 30,467
Quote:
Originally Posted by PatrickA5 View Post
Nearly paperless. I do print out the latest quarterly statement from Vanguard since 95% of our money is there. I started doing that after Clark Howard suggested keeping at least one recent statement of bank accounts just to prove that you have money in an account - I guess in case of a giant computer hack or something. Other than that, pretty much all paperless.
I have electronic copies (PDFs) of all our account statements with multiple backups. Never felt the need to print them though.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 12-06-2017, 04:41 AM   #35
Full time employment: Posting here.
BeachOrCity's Avatar
 
Join Date: Jun 2016
Posts: 832
My biggest issue with making the switch is twofold:
1. For tax purposes you effectively need access to all bills and receipts documents for 8 years for audit purposes. Thats a long time. Recently nneeded very old bank statements that were long ago discarded. Bank could not provide some and the rest required fees.
2. All these ebills basically send you an email then you have to log in and print it out or save it. Seems like this step takes more time than opening smailmail and electronically or auto paying it?

I do of course use electronic and auto bill pay. Just not sure paperless really would save me time or really allow access to docs if I donít manually save them.
BeachOrCity is offline   Reply With Quote
Old 12-06-2017, 04:44 AM   #36
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,548
I can find electronic copies much faster than paper copies. I learned this at work and have now applied it at home too. YMMV
Scuba is offline   Reply With Quote
Old 12-06-2017, 07:18 AM   #37
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 10,463
I am paperless for some stuff but I still get credit card statements in the mail as well as any routine accounts that change significantly on a monthly basis. I handle finances and bill paying but DW skims through all of the bills highlighting anything she questions. It is a good partnership.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 12-06-2017, 07:25 AM   #38
Thinks s/he gets paid by the post
Red Badger's Avatar
 
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
Paperless, but very little auto-pay. Stopped a service years ago but auto pay kept rolling along. Clawing back my money was a hassle. Most on-line payments are from my checking account, so it's pretty much one stop shopping.
__________________
Never let yesterday use up too much of today.
W. Rogers
Red Badger is offline   Reply With Quote
Old 12-06-2017, 07:53 AM   #39
Thinks s/he gets paid by the post
 
Join Date: Oct 2008
Location: Naples
Posts: 2,179
I would love to go paperless, but resist in some cases. I know you have online access to all the detail of billing statements, but I am more comfortable holding a piece of paper and analyzing it. For one, I don't trust cable companies and have found in the past that they might throw in some movie or extra charge. When I challenged the cable bill and got some satisfaction, I make notes on that paper bill and stick it in my file. Old fashioned? Yes, but then I'm an "old fashioned" kind of guy.

Recently moved into a new community of about 3000 residents. We have our own post office, gangs of mail boxes by street name and house number. Inside there is a table to sort through your mail and there are large bins to discard junk mail. I go in about every other day and these recycle bins are always loaded. Just junk mail. I guess the cost of mailing all this helps support the USPS but sometimes I wonder. What a waste.
JOHNNIE36 is offline   Reply With Quote
Old 12-06-2017, 08:06 AM   #40
Thinks s/he gets paid by the post
 
Join Date: Jan 2017
Posts: 1,728
I'm a little surprised that some folks think they have to keep this or that on paper. Even if you only get a paper copy (repair bill for the car maybe?), you should be able to scan it in pretty easily if you have a multi-function printer (which are very cheap) or one of any number of cell phone apps that will "scan" a document using the phone's camera, auto-rotating and de-skewing it automatically.

Once you have the documents scanned in, it's far easier to organize them in a computer. You can make folders within folders and name both the files and folders in a way that's meaningful to you. There's no reason anything should ever be hard to find.

With remote access to my NAS (network attached storage) drive, I can get at my "home" files from anywhere. Just yesterday I was on a boat I sometimes work on, and needed the manual for a piece of equipment. I had it within seconds. But even if the Internet were unavailable, I have all the files I need on my home network, backed up to a remote location, and most of the important ones are on my laptop, too.

I've been picking away at my life-long collection of paper files, scanning in what I need and in some cases getting rid of things I don't. I have yet to find any reason to retain paper.
CaptTom is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Paperless? Ronstar Other topics 29 08-03-2013 08:36 AM
IRS Going Paperless? JOHNNIE36 FIRE and Money 58 02-24-2012 06:09 AM
Would you live in a place you didn't like if it meant you could FIRE? Kathryn48 Life after FIRE 66 07-18-2008 12:58 PM
do you have something that "drives you" now that you dont work? retiringat50 Life after FIRE 46 07-18-2008 05:06 AM
You Can If You Think You Can Eagle43 Other topics 0 02-21-2006 02:39 PM

» Quick Links

 
All times are GMT -6. The time now is 07:42 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.