I think we have too many accounts and wondering if there is a better system..
Acc 1- DH - his work pay & student payment go here then it gets transferred if needed. This account is used for groceries / petrol / spending.
Acc 2 - DH - not really used and could be closed.
Acc 3 -Joint - FTB goes in here and we have a couple of bills debited, including the mortgage.
Acc 4 - Mortgage
Acc 5 - My name - parenting payment goes in here and bpay regular payments on bills such as electricity etc.
^These are all with the same bank, 2 internet logins (1 has dh accs & the joint, the other has my acc & the joint.. so it is easy to transfer between if needed)
Acc 6 with a credit union - we only have this acc because our car insurance is attached (the best deal) and we have to have it. I do plan on moving insurance and closing this acc.
Acc 7 & 8 - kids savings acc though in our names.
Its a bit ridiculous really, especially seeing as we will be opening a high interest acc / term deposit once i have found the best rate.
Any suggestions to get this running a bit more efficiently?
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