I recently posted about getting my financial house in order and WOW is this challenge an eye opener already for me. First I realized I have too many accounts(3 checking and 1 savings) so now I'm in the process of closing a couple. Secondly, since I'm currently working on the "Financial Accounts Log" of the challenge, I'm realizing I have small amounts of money sitting in accounts I haven't used for at least 2 years. Mainly these accounts were used when I was purchasing individual stocks(Sharebuilder) and I guess I just left them open with the idea of buying more stocks at a later date. Since I haven't in the past 2 years, I sold the small amounts that was there and now I'm looking at some snowflakes of over $150!!
So food for thought...how many accounts do you have and are they all necessary?
Legacy Drawer/Box Update
January 24th, 2013 at 02:18 am
January 24th, 2013 at 02:35 am 1358994939
We do have two checking accounts, but both work for us. My husband has a couple retirement accounts I'd like to get them over to one of the mutual fund companies we have. Yes, I'm sure there are too many accounts and something could be done about it.
January 24th, 2013 at 03:55 pm 1359042920
January 24th, 2013 at 07:24 pm 1359055464