Simplifying
During year-end tax planning, I realized that we have too many accounts and I'd like to simplify. Aside from retirement accounts, we have three brokerages: Merrill for Preferred Rewards, JP Morgan for cash, Fidelity for main taxable.
The Merrill brokerage qualifies us for Preferred Rewards, JPM for Chase Sapphire banking, and Fidelity because that's where the bulk of our investments are. I'd like to get this down to two brokerages.
The only benefit of Merrill is that we make an extra $1.5k a year in CC cash back. Is that even worth having this extra account? $1,500 is nice, but isn't going to make a big difference in our finances.
Financial Tracking Software
We put all of our spend on a single credit card. I also track our savings rate on a bare bones spreadsheet. Our CC has some basic expense tracking, but I'd like to get more detail on what we're spending money on, just so I know and have more visibility.
What is the recommended software these days? I don't trust the free financial aggregators. I'm happy to pay a small amount for software that'll work and is easy to use, but I don't want to spend hours manually inputting data and categorizing it.
During year-end tax planning, I realized that we have too many accounts and I'd like to simplify. Aside from retirement accounts, we have three brokerages: Merrill for Preferred Rewards, JP Morgan for cash, Fidelity for main taxable.
The Merrill brokerage qualifies us for Preferred Rewards, JPM for Chase Sapphire banking, and Fidelity because that's where the bulk of our investments are. I'd like to get this down to two brokerages.
The only benefit of Merrill is that we make an extra $1.5k a year in CC cash back. Is that even worth having this extra account? $1,500 is nice, but isn't going to make a big difference in our finances.
Financial Tracking Software
We put all of our spend on a single credit card. I also track our savings rate on a bare bones spreadsheet. Our CC has some basic expense tracking, but I'd like to get more detail on what we're spending money on, just so I know and have more visibility.
What is the recommended software these days? I don't trust the free financial aggregators. I'm happy to pay a small amount for software that'll work and is easy to use, but I don't want to spend hours manually inputting data and categorizing it.
Statistics: Posted by LAMTA — Fri Dec 13, 2024 6:41 am — Replies 5 — Views 236