One thing that we continually tell our clients, family and friends is that if you want to save yourself time, money and frustration – keep excellent records.
As a lawyer I’m probably more organized than most, but it’s a good use of your time to at least do the following, should any legal or financial issues ever arise:
Keep all official correspondence from lenders, banks, government offices etc. for a minimum of three years.
Find out if you have access to online files, and keep printed copies going back three years if possible, to fill any gaps in your paper records.
Print out emails from lenders, banks, government offices etc.
Keep papers organized by year and month of receipt.
If you are involved in a legal situation where your word might be questioned at some stage, you can also:
Write down dates and descriptions of any phone calls you receive from banks, lenders or government offices in a diary, and keep this with your files.
Record phone calls from involved parties and save these files on your computer.