Which Financial Records Should You Keep? 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. All cancelled checks Records of stock, bond, and mutual fund transactions and certificate numbers Original insurance policies even after the policy has expired Home repair/home improvement receipts All utility bills Birth and death certuficates