Response to Jack Guerino

I agree with Jack's point of view on saving receipts. It is almost completely pointless to save the paper receipt when almost all of our transactions are electronic. I understand that people would want to save their receipts in case they had to return whatever they purchased for a refund. But for the managing money part, it is just easier to go to the bank and get a bank statement for all of your purchases that month. So for items that are most likely not going to be returned for a refund, like groceries or going out to eat, then receipts are useless and a waste of effort, energy, and paper.

In what ways can people manage their money better, without the use of receipts?