Financial House Clean-up
Living apart part-time has caused our financial management system to get more and more chaotic. Our expenses are extremely variable month-to-month. Sometimes we pay rent in two places, sometimes we don’t. We have extra credit cards that we got in order to score free flights. I just hate dealing with paperwork in general, so there are some random tasks that I’ve just never got around to.
Since we are moving and both starting new jobs, it seems like a wise time to clean up our financial system.
To do before new job starts:
Close that pesky HSBC account that has $0 in it
- Fix the name on my single stock & set up log-in for other stocks
- Consider cashing out stocks before 2013 ends (probably our lowest income year for some time)
Close Chase Freedom Card (SP)
- Close Chase Amazon Visa card (T)
Close Southwest card (SP)
- Close Southwest card (T) – TBD
- Add T as an authorized user on my favorite card
- Roll over 401k to IRA
- Open Ally CD (or other cash stash vehicle)
- Stop Roth IRA contributions for 2014 (assume ineligible)
- Set up our checking accounts as joint (?)
- Set up tracking system that I’m happy with (or revive old system)
Once the new jobs have started:
- Weigh medical benefit options and choose plans
- Set up 401k deposits (SP)
- Set up retirement deposits (T)
- Set up direct deposit (SP and T)
- Revisit 2014 goals
Uggggg, does anyone else get a headache just reading that list?!? These are all relatively easy things, but I hate dealing with this stuff!