Can You Trash All of Your Old Papers?

Stashes of old, paid bills, expired life insurance policies, receipts for broken gadgets, and canceled checks for haircuts you got in college -- sound like your filing system?

I confess: It's a pretty accurate description of mine before I spent one Saturday going through the "stuff to sort through" box (sadly, larger than my "stuff I've already sorted through" box). It was long overdue: In addition to being a fire hazard, the blizzard of paper buried the important papers I'll need to file my taxes, not to mention a few flattering photos of me on a particularly good hair day.