Clustering

[Anonymous]

I have done substantial simplification at the end of the year, but it has already caused me anxiety, having my emergency and spending accounts along with saving accounts (sinking accounts if you are familiar) all on one log on makes me feel like one mistake and someone could take it all. 

It is nice to see it all on one page as far as money goes, then only 4 more log ons for credit cards, but there is a lack of safety regardless, If i had millions I would split it up over several banks. Luckily I'm a poor hard working sap who accepts painted peanuts as pay.

[Dalmus]

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@Anonymous wrote:

I have done substantial simplification at the end of the year, but it has already caused me anxiety, having my emergency and spending accounts along with saving accounts (sinking accounts if you are familiar) all on one log on makes me feel like one mistake and someone could take it all. 

It is nice to see it all on one page as far as money goes, then only 4 more log ons for credit cards, but there is a lack of safety regardless, If i had millions I would split it up over several banks. Luckily I'm a poor hard working sap who accepts painted peanuts as pay.

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 Absolutely.  Realistically, you should (in theory) diversify your deposit accounts any time they exceed the limit of FDIC protection...

[wasCB14]

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@Dalmus wrote:

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@Anonymous wrote:

I have done substantial simplification at the end of the year, but it has already caused me anxiety, having my emergency and spending accounts along with saving accounts (sinking accounts if you are familiar) all on one log on makes me feel like one mistake and someone could take it all. 

It is nice to see it all on one page as far as money goes, then only 4 more log ons for credit cards, but there is a lack of safety regardless, If i had millions I would split it up over several banks. Luckily I'm a poor hard working sap who accepts painted peanuts as pay.

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 Absolutely.  Realistically, you should (in theory) diversify your deposit accounts any time they exceed the limit of FDIC protection...

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Plus, bank and brokerage bonuses are a nice incentive.

[IncrsCreditScore1]

CreditContractor, Juana4ev, and Dalmus:  I have an Excel spreadsheet that contains all of the info you all have mentioned, along with color coding.  One thing I had not thought of that one of you mentioned was the date of last purchase.  My spreadsheet now has that info; it truly does make it easier to determince when you need to pull out a card from the sock drawer and use it to keep it active.  In fact, I had not realized (until filling in the spreadsheet) I need to use one in just a few days.  Thanks for the timely information.

[Anonymous]

Glad we were helpful. I figured adding that in since our CRs show it for a reason. They report activity so we should be on the lookout for it too