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Originally Posted by Tea Biscuit
How long are you supposed to save paid bills? I have saved all my electricity bills and phone/internet/tv bills since I've lived in this apartment - since 2009. Is that what you're supposed to do, or can we toss them once it's been acknowledged they've been paid? I really don't know what the norm is.
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It would depend on *why* you are saving them. If you have income tax deductions that refer to those bills (home business), you'd want to keep them for seven years (I think).
Otherwise, there's not really any point, is there? If you find out that you were overpaying the whole time, there's probably a limit on how many months they will go back to refund you. I can't think of a reason outside of taxes...
I pay all my bills online and only save electronic copies for tax purposes.