Whew, its a lot of changes when you decide to close a bank account. I got feed up with my bank recently and decided to part ways, after over 20 years. Unraveling all the connections for bill payments is time consuming but in the end I’ll have one less account to mess with. I may even cancel my bill paying service and save a little bit. I’m looking into having more bill payments hit my credit card so I can get the points on the card.
I verified with my credit union that deposits are insured up to $250K by social security number by the NCUA, rather than the FDIC.
Since its the beginning of the month, I’m reconciling accounts and looking at reports to see where the money went and where it came from. I want to work to have more income from investments.
This is the kind of nerdy stuff I do to maintain finances. What financial tasks do you have to tackle this week?