Here’s how many bank accounts you really need

first_imgWhen it comes to your personal bank account, simplicity rules. Keeping tabs on a half-dozen checking and savings accounts — not to mention trying to remember user names and passwords, and worrying whether you’ve actually picked the right account in the first place — can feel like a full-time occupation.Yet minimalism doesn’t always work in practice. Complications abound, particularly when you add a spouse and children to your life.To help readers understand how many bank accounts they actually need, MONEY isolated three separate scenarios: a single 20-something recently out of college and new to the workforce; a married couple in their 40s with two kids at home; and a retiree couple enjoying life in their 60s. Then we checked with a number of banking experts to help determine a no-drama banking plan for each. continue reading » 21SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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