2 other reasons I can think of (having lived through both of these):
Save receipts in the event you have a fire. I had them in envelopes according to the year in a file cabinet. They did not burn but did have some smoke damage. I had items I had totally forgotten about that the receipts helped me recall.
Also, receipts helped me prove to the court that I was providing for my children, and not my ex, so that I could continue to claim them for my taxes. I had the receipts showing their food, medical, clothing, camp fees, tution and such were all paid for by myself.
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