Keeping good financial records will save you time and make you money. If your records are organized, you'll have an easier time with the following tasks: - Compiling a budget - Pulling together an updated financial statement - Accessing your records in an emergency - Preparing your taxes - Preparing for an IRS audit - Defending a credit report Which financial records should you keep? Check all that apply. Original insurance policies even after the policy has expired Birth and death certificates Home repair/home improvement receipts Current insurance policies, claims, receipts of premiums paid All pay stubs Copies of all income tax returns, both state and federal, for the past three years, including all supporting documentation