That has changed. I've gotten smarter.
First of all, my scanner is now my best friend. Once a month (sometimes more often, just depends on the amount of papers coming home), I spend and hour and scan everything. First I scan all his math papers and save them in the "Math" file I've created on my computer. Then his spelling tests, art projects, etc.
Once I've scanned everything, I pick a couple favorites (maybe a great story he's written or a really cute picture) and file them in his paper file. "What's his paper file look like?" you ask. Well, let me show you!
Inside the file I have a little info sheet where I put his school picture for that year and the appropriate info.
Each year, my son decorates his file folder for that year... it's fun to watch his art-style grow as he grows!
Then in the file I keep his top projects/papers. This way I have an actual paper sample of what he did... but I also have everything else on my computer. Someday I'll burn it on a disc and put it in his paper file, too.
An organized Mommie is a happy Mommie!