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Why is it important that you develop a system to maintain and keep your personal and financial records up to date? How would you organize

  1. Why is it important that you develop a system to maintain and keep your personal and financial records up to date?
  2. How would you organize such a system for yourself (to keep your personal and financial accounting records)?
  3. What would you do if you lost your wallet or purse with your personal effects, credit cards and identification inside?

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