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Legacy Drawer/Box Update

January 24th, 2013 at 02:18 am

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?

3 Responses to “Legacy Drawer/Box Update”

  1. creditcardfree Says:
    1358994939

    Nice snowflake!!

    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.

  2. SecretarySaving Says:
    1359042920

    Glad you posted on this. I need to get my legacy drawer in order. I've been just putting papers in my drawer and I need to file.

  3. Carolina Girl Says:
    1359055464

    Thank you for this reminder. This one is on my "to do" list!

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