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Another great use for old shoeboxes.

Do you save your receipts? Do you even ask for a receipt when purchasing something? The recent article "Price Protection Plans: Save Cash By Saving Receipts" on WPXI.com made a great point about retailers who will pay you the difference in price if a competitor advertises the item you bought for a lower amount.

More reasons to save your receipts.

Collecting a price match is one very good reason for saving your receipts. However, can you think of any others?

1. Warranties. When you file a claim for your product's warranty you will most likely be asked for a copy of the original receipt in order to provide you service.

2. Recordkeeping. Having your receipts handy allows you to match up charges or debits from your checking account or credit card statements.

3. Cash back. Many retailers will only issue store credit if you do not have the original receipt. If you want your money back you will need a receipt.

4. Proof of items purchased. If you receive a delivery that doesn't contain all the items you purchased your receipt will show what else you are entitled to.

5. Rebates. There are often rebates you can subscribe to, but they will want to see a copy of your receipt in order to complete the rebate.

6. Legal. If you are in the unfortunate position of having to prove your claims or rights about a product or service in court a copy of your receipt could help make your case.

7. Taxes. When reviewing your organized receipts from the past year, you or your accountant may find additional expenses that can be deducted from your taxes.

Whether you keep all your receipts in separate folders, a safe, or an old shoebox, having those key records can save you many potential headaches and dollars. How else have you used receipts in the past?

 
The Quarter Roll is published to provide personal insights and opinions on everyday ways of saving and managing money, budgeting, and reducing debt. The Quarter Roll does not give professional accounting, legal, or investing counsel. The ideas, examples, and advice presented on this site are solely the opinion of the authors based on his or her personal experiences. All photos courtesy of The Quarter Roll, iStockphoto, or Dreamstime. All rights reserved. This site is best viewed when using Adobe Flash Player. the quarter roll magazine financial entertainment