I&#x27;m with you on a few of those. For insurance purposes you only need to worry about documenting items that are unusually valuable. School records (e.g. report cards, etc) I don&#x27;t keep, and have never needed. A major home improvement expense I would probably keep, though capital gains on a primary home sale are generally exempt up to $250,000(?).<p>But I was really more thinking about everyday utility bills, other statements and invoices -- I just trash all that stuff as soon as it&#x27;s paid. I have better things to do than organize papers that I will never look at again.