we definitely shred some of our papers. we shred anything we do not need that has personal information on it. we shred to deter identity theft and protect our financial account information from getting into the wrong hands.
I shred a fair amount of my papers, and I think that it is smart to do so. I shred anything that has identifiable information for me (including account numbers).
We shred all of our important documents, anything that may have identifying information on. We do this to protect our identity and that of our children. With the increase of identity theft it is necessary to shred any document that contains any information that can be used the wrong way.
When I got my first paper shredder anything paper went into it. Now though I only shred papers that have any type of identifying information on them as to not get into the wrong hands.