When receiving a paystub our first reaction is to throw the piece of unnecessary paper, right? Wrong! You must always store any recent paycheck received.
Having an organized folder for all your stubs could assist you a lot in the future. Have a drawer or folder solely for all your important papers including all the recent paystubs organized by month so that you can find any needed stub easily.
It is important to check all the details provided on a paystub and make sure they are all correct to avoid any future problems with taxes. Names and numbers on the paycheck stub must be checked and calculated to ensure that they are correct.
Storing the last few paystubs can also assist you with proving that you are in a stable line of work with good stable income. That will help you become more legible for a small loan or a car or house purchase. Whenever you go to buy a new house, proof of income is requested and your latest paychecks could just be the proof you need.