How long should you keep each receipt?: test your skills
Most receipts can go in a month. A few you should keep for seven years — and a handful until you sell the house. Answer each question to see the explanation; your score appears at the end.
This test checks that you can
- Sort receipts into five tiers
- Decide at the moment a receipt arrives
- Know when to keep records for years
- Practice
1. A coffee receipt can go…
- Practice
2. Why keep a washer’s receipt beyond the return window?
- Practice
3. Tax-supporting records are generally kept for at least…
- Key idea
4. Which statement best explains "Most receipts are short-lived"?
- Key idea
5. Which statement best explains "Warranties outlast returns"?
- Key idea
6. Which statement best explains "Tax records live longest"?
- Action plan
7. In the action plan, which step comes first?
- Mistake to avoid
8. Which of these is a mistake this lesson warns against?
- Mistake to avoid
9. Which of these is a mistake this lesson warns against?
A laptop has a 2-year warranty and a 15-day return window. You bought it on 1 May 2026. Until when do you keep the receipt?
Show the answer
At least 1 May 2028
Keep it for the full warranty, not just the 15 days.
Take five receipts from your wallet or drawer and assign each one a tier.