Comments on: How I Simplified My Finances This Year.

By: Tyron

Tyron — Mon, 15 Mar 2010 11:32:17 +0000

I’ve just started to simplify my life and your blog is helping me a lot, thank you! At the moment I’m nearing the end of my debt payments, I think I have 2 months left until it’s paid up:)

Once it’s all done I’m closing my credit card account and opting for only a debit card and I have a hard-to-reach savings. I also might change my bank, my current bank has very high charges:(

By: marci357

marci357 — Mon, 15 Mar 2010 03:25:45 +0000

@carol – Totally agree…

Mine are ALL within easy walking distance of my house – believe it or not! (within 10 city blocks)

By: carol

carol — Mon, 15 Mar 2010 02:54:03 +0000

Simplifying finances would be even better if you dealt with LOCAL banks, credit unions, and investment folk. Local banks have all the services, but they keep your money in your community.

By: marci357

marci357 — Wed, 10 Mar 2010 20:36:55 +0000

Not only does it consolidate your life now, it will seriously make life easier on your heirs when that time comes

By: Melissa

Melissa — Wed, 10 Mar 2010 18:31:19 +0000

This past December, I consolidated my accounts to:
Checking – First National Bank
Money Market Savings – First National Bank
Mortgage – First National Bank
Credit Card – First National Bank
Roth IRA – American Funds
401k – Wachovia (employer dictates this one)

This was from:
Checking: First National Bank
Money Market Savings: First National Bank
Online Savings: FNBO
Billpay Account: FNBO
Checkng: US Bank
Savings: US Bank
HELOC: US Bank
Mortgage: US Bank
Credit Card #1: US Bank
Credit Card #2: US Bank
Roth IRA – American Funds
401k – Wachovia

At some point, all it seems like you do is transfer money from account to account. Since I was refinancing my house and have absolutely no intention of financing anything again, I didn’t mind taking the credit score hit by closing my long term credit cards and HELOC.

By: Random Thoughts of a Jersey Mom

Random Thoughts of a Jersey Mom — Wed, 10 Mar 2010 17:29:29 +0000

Good advice. My husband and I consolidated my accts few years ago to:
1 checking
2 savings
1 investment
2 children’s college accts
2 work retirement accts
2 Roth IRA (retirement)
2 Traditional IRA (retirement)
1 other retirement acct

Sounds like a lot but we cannot merge any of those.