After I finish my taxes I work on getting my files in order for this next year. I have a file folder in my cabinet where I put most of my receipts. These can be for clothing, misc. household items, and most charge card receipts.
At this time of year I go through all those receipts from the previous year. It’s easy to do while watching TV in the evening. I only keep those that are for products that have a warranty or if there is a reason to know when an item was purchased. If there is a warranty card or instruction book for a product I will staple the receipt to it. If the item belongs in a specific folder such as “small household items”, or “TV’s, Stereos”, it’s put in there for easy retrieval.
All other receipts are kept in a manila file folder labeled for the year. They could also be kept in an envelope if you don’t have too many.
The ones I throw out or shred are for the athletic shoes that are already worn out or the receipts for the groceries and household products that are long used up. It’s an easy decision to throw away those receipts.