I have trouble handling multiple accounts in multiple banks. It’s tough to keep an eye on every account balance. It has taken a toll on my payment mode and I end up paying additional charges or late fees. How do I manage this?
by 
wilburzel
ANSWERS: 5
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I would simplify. Fewer accounts will be easier to keep track of. I have accounts at two banks. One is never used. I have about $100 in the bank just sitting in case I need easy access to a bank account. My other bank is where I handle all of my banking. That way it is all in one place.
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Well, its tough handling multiple accounts if you can’t get all information on balances in one place. There are many online money management solutions available for people like us. I can view my bank transactions and other information from one resource, thanks to Rudder. It connects 3000+ banks and credit cards. You can check out http://rudder.com/default2.aspx for more details.
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I manage by budgeting payments on a monthly basis and add money to the accounts on a bi-weekly basis automatically from my primary account. The plan is one day to have enough in interest the bill pays it self.
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Organization Methods such as organizers books/phones/PDAS etc.. a good wife :-D
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Keep a transactional account at one financial institution and set up bill pay and automatic payments from only one account. Keep your liquid cash close at hand so transfers are easy and those accounts can be set up to overdraft from in case you run into unaccounted for 'surprises'. Keep the other FIs for your investments and accounts that are harder to get to or not as convenient. That should help. Good luck. You're lucky to have these problems in today's economy.
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