Tip #1 No piles, just places.
Don't pile up the papers. Go through them as quickly as you can (most of it can be recycled immediately) and then put the remaining papers in their places. We have these handy dandy slots for each child right by the door (still don't have their names on them) and the kids can fit homework, library books, papers of all sorts and sizes inside. I also used magnetic paint so if there are papers that need immediate attention or forms/notes to be brought back to school I can use a magnet and put it right on that child's slot.
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Most people either save too much or too little. It's a very personal opinion of how much, if any, of your children's art and school work you choose to save. My kids have the option to shred or hang their artwork. Occasionally I intervene, but they're pretty good at making the choice. Sometimes after things are hung they are done with them too... and we can mail them to Grandmas or recycle.
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Again, you want the paper working, not you. I have three stackable bins (need to find a fourth still) where I throw papers and school work that "may be keepers." These are then gone through at the end of the school year and organized into their school books (which I'll go through later). Each child has a bin, and I quickly date the papers if they aren't already and toss them in (or have the kids do it).
I have a "home organizer" binder with tabs for important items that I keep in my kitchen with the cookbooks. One section is "school info" and I keep important documents, class lists, teacher contact info, and those parent homework helps under this tab and in a section for each child. This is an easy place to go to for those items and they don't risk having something spilled on them on the counter or refrigerator. However you choose to do it, organize what you keep.
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Tip #4 Put your children in charge of their memory keeping
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Good luck this year! And share any and all tips you may have to help us all out as well.