Once you have everything in front of you, make three new piles: Pay, File and Shred.
Take statements and bills out of their envelopes. If you find a bill that needs to be paid, do it on the spot, says Monica Ricci, an organizing expert and author of Organize Your Office in No Time. "Paying bills as they come in gets them off your plate physically and mentally," Monica says.
Bank, insurance and brokerage statements should be filed in their folders. Consider getting a shredder to get rid of obsolete files with personal info and other papers you don't need. Then recycle.
Follow the 5 Ds to give your paperwork an organizational overhaul