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In this Smart Money Monday tutorial, the host discusses how to manage important financial documents with Tim Santos from Bag Boy. The segment emphasizes the importance of organizing paperwork and specifies what can be discarded. Initially, it suggests shredding most receipts after reconciling them with bank or credit card statements, except for those needed for warranties or tax purposes. Regarding bank statements, the recommendation is to shred old paper statements upon receiving new ones. Alternatively, many banks provide digital statements, which can help reduce paper clutter.
