ShareBuilder

I’m overbanked.

The National Bank, Oamaru, built 1871: a prostyle Palladian portico on a neoclassical facade (Photo credit: Wikipedia)

I’ve mentioned that before.

I won’t give up my herd of CapitalOne 360 accounts.  I use those to track my savings goals, all 17 of them.  I can’t drop my business accounts, my kids’ savings accounts, or the personal accounts that I actually use to spend money.

I do, however, need to simplify a bit.

Last month, I went through the hassle of transferring my 401k from two jobs ago and my IRA from my last job.  Now, I’m down to just two retirement accounts.  One is for my current job, and the other is a self-managed IRA with Sharebuilder.

Two down.

A few months ago, I went to yet another bank to close an account.  My last job offered crappy health insurance, but balanced it out with an HSA.  It complicated things, but the actual costs came to almost the same as the previous plan that didn’t have a high deductible.   When I left, my HSA just sat there.

Last year, my oldest got braces, so I cleaned out the HSA ahead of time so we could pay up front and save 5% without paying interest.

Another one down.

That’s three accounts down out of 34.

Thirty-four?

Crap.  That’s retirement accounts, business accounts, and personal accounts for two adults and three kids.

Bank 1 has the checking account we use, plus two savings accounts, one of which is where we store the rent money until we take a payday.

Bank 2 has a checking account, 16 savings accounts, and stock-trading account, a CD, and two IRAs for my wife and I.

Bank 3 has a checking account, and savings account for each of two businesses I own, a spare set of personal accounts, a savings account for each of the kids, and a checking account for my teenager.

Bank 4 holds nothing but my current 401k.

The only thing I can simplify without sacrificing my organizational jungle is to combine the personal accounts from bank 1 and 3.  The problem is that Bank 1 has all of my bill pay information and there is still an account open for my mother-in-law’s estate.  We keep that open just in case we find any other checks we need to cash.   Bank 3 has my business accounts tied to my personal account and is the bank that my business partner uses, so that’s convenient to move money around.

I may be stuck.