Reply to Family of 5, appx $300K HHI - would you do anything different?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is what happens when couples don’t merge all of their accounts under one umbrella. Having to scratch and dig to find logins for accounts that they haven’t been tracking at all is frightening! OP- you and your husband need to come together and all money needs to go in family accounts. There is no your account and his account. It’s “our accounts”.[/quote]

Fair point !!! I think we have more than one account because he wanted to ensure stay below the $250K limit of fdic bank guarantee. And I didn’t previously have the wherewithal to handle more than one account but maybe I’m starting to have some capacity or at least trying to. [/quote]

You all can open joint accounts, to which you both have access, at different banks to stay under the FDIC limit. But honestly, you guys are penny wise and pound foolish. Worrying about paying extra on a low interest mortgage and keeping separate and confusing banking accounts just to stay under FDIC. Meanwhile, you have a higher internet student loan that you’re only making minimum payments on and expensive kid activities (which aren’t horrible but you guys are so disorganized that I find it funny you knew the exact cost of those and nothing else!)[/quote]

All of this!  I can’t believe you’re going to be paying on your own student loans when you have kids in college and you’re okay with that!  Y’all have some wonky home-grown ways of dealing with money.  Use an aggregator tool and get a handle on the big picture.  You people need help, and no one can help you when you don’t have insight into what’s happening with your funds.  [/quote]

I could decide to pay off my own student loans myself - say with my bonus next year or something. I guess I’ll try to get a handle on all the accounts and go from there. 
We use an accountant who I never speak to. I just give my own W2 and sign the return. [/quote]

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