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A Reformed Hoarder's Guide to Records Storage Effective record-keeping is one thing. Holding on to piles of paper is another thing altogether.

By J.D. Roth

Opinions expressed by Entrepreneur contributors are their own.

Time to Banish the Pack RatMy name is J.D., and I'm a hoarder. I'm afraid to toss anything, particularly financial records. For more than two decades, I've been stuffing shoeboxes with Subway receipts, canceled checks and Amazon invoices.

Recently I moved from an 1,800-square-foot house (plus storage space) to a 700-square-foot apartment. Necessity forced my hand: I had to learn which financial records to keep and for how long. Here are the questions I pondered.

Why? There are two basic reasons to keep records.

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