Is there any reason to keep my old paystubs?

[Ns1]

-nt-

 

[Jugernot]

Not really, but I do it too. I have the last 2-3 years of paycheck reciepts from my work. I've never needed them...

Jugs

 

[notfred]

I've never needed mine. I don't keep them anymore.

 

[no0b]

depends on how old.

You never know when you are going to get audited.

 

[Ns1]

i'm 19...

i have all my paystubs since 17..

 

[aircooled]

You'll never need more than the last 2 stubs for any financing (including a mortage). That is assuming you can produce your W2's for the last 2 years.

 

[Gage]

Yes keep them.. When we went to buy a house we needed them along with our tax returns to apply for a mortgage.

 

[OREOSpeedwagon]

I keep mine.

 

[Ns1]

Originally posted by: Gage
Yes keep them.. When we went to buy a house we needed them along with our tax returns to apply for a mortgage.

i'm 19

 

[Gage]

Are you going to buy a car in the next couple of years? Maybe apply for a loan? Most financing will ask for them. In some cases W-2's are not enough. Finance companies ask for check stubs to show that you have had steady employment in the past X months and that you are still in fact employed with the company. W-2's don't show that.

 

[Ns1]

Originally posted by: Gage
Are you going to buy a car in the next couple of years? Maybe apply for a loan? Most financing will ask for them. In some cases W-2's are not enough. Finance companies ask for check stubs to show that you have had steady employment in the past X months and that you are still in fact employed with the company. W-2's don't show that.

hm okay, danke

type to shred up my paystubs haha

 

[aircooled]

Originally posted by: Gage
Are you going to buy a car in the next couple of years? Maybe apply for a loan? Most financing will ask for them. In some cases W-2's are not enough. Finance companies ask for check stubs to show that you have had steady employment in the past X months and that you are still in fact employed with the company. W-2's don't show that.

Correct, but paystubs include YTD so finance companies never need more than 2 stubs (unless they are shady). W2's show your entire yearly income from a particular employer, so combined with your last 2 stubs any legit financing/mortgage company has all the info they need.

 

[m2kewl]

i keep 'em for at least 3 years. for tax reasons in case gov't attempts to screw me over.

 

[Marauder-]

Dont forget to use a crosscut shredder so you can play w/ the confetti afterwards!

 

[Shockwave]

I agree with others for the most part. Last 2 paystubs + W2.
Except, i ran into an interesting situation. I had a large deposit like 2 months ago which I had to explain. They wanted to see my paystub from THEN as well. The deposit was a paycheck, the wifes paycheck and our tax return. Even though I told them what is was they still wanted the paystub. Kinda pissed me off......

 

[Jugernot]

Originally posted by: NeuroSynapsis

Originally posted by: Gage
Yes keep them.. When we went to buy a house we needed them along with our tax returns to apply for a mortgage.

i'm 19

And? I started saving for my first home first purchase when I was 19... I plan on buying one in the next year or two. I'm 22 now.