You probably have a notebook for each of your classes to
help you stay organized. Take a few hours to get your financial
life organized, too. You can keep most financial records
in your dorm room or apartment. Buy a file box that locks
and separate your financial records into file folders. Or keep
your labeled file folders in a cardboard box and put the box
in a locked drawer or closet.
Here’s one way to label your files:
Bill Payments. Put your bills in this file to help you
remember to pay them on time.
Checking Account. In general, save your canceled
checks and bank statements for five to seven years in
case the IRS audits your tax returns.
College. Keep records about your courses, grades,
and credits.
Financial Aid. Applications, award letters, and notes
about important telephone conversations go here.