For utilities, credit cards, and mortgages, for example, is it safe NOT to have paper billing and record keeping? Will the online data (monthly utility usage, amortization schedules) reliably be available online when I need it?
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I like your idea of cloud storage for statements and records. It offers protection from fire loss and avoids the hassle and expense of printing everything. However, that leads me to a question for another time: how secure is cloud storage?