Net Worth 2009-2013

So, I decided to go back in time for a moment and review our net worth through the years. I couldn’t go back further then 2009 because some of our bank accounts have been closed and I have no clue what the balances were at the time.

December 31st 2009

  • House Fund- $13,065.36
  • Checking- $444.59
  • Husbands Retirement- $589.63
  • BOA Checking- $4,000 (estimate we closed account)

Net Worth 2009 = $18,099.58

December 31st 2010

  • House Fund- $22,162.37
  • Checking- $145.76
  • BOA Checking- $4,000
  • Husbands Retirement- $3547.73

Net Worth 2010- $29,855.86

December 31st 2011

  • House Fund- $25,071.17
  • Checking- $625
  • Husbands Retirement- $6,201.42
  • BOA Checking- $4,000

New Worth 2011- $35,898.49

December 31st 2012

  • House Fund- $43,463.49
  • Kid Savings- $180.03
  • Checking- $171.71
  • BOA Checking- $4,459
  • My Retirement- $1,000
  • Husbands Retirement- $10,065
  • Emergency Fund- $7682.79

New Worth 2012- $67,022.02

December 31st 2013

  • House Fund- $56,270.79
  • Kid Savings- $2,572.98
  • Checking- $694.10
  • 2nd Savings- $515.02
  • Emergency Fund- $8169.09
  • Mutual Fund #1- 3,336.18
  • Mutual Fund #2- 1,070.93
  • CD #1- 3,175.54
  • CD #2- 3,036.96
  • BOA Checking- $4,459
  • My Retirement- $4,517.40
  • Husbands Retirement- $15,043.08

Net Worth 3013- $98,334.67

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How many accounts is too many?

4 Checking Accounts

5 Saving Accounts

2 CD’s

3 Mutual Fund Accounts

2 Retirement Accounts

4 Credit Cards

That is twenty accounts in total. My husband and I tend to disagree on this one topic. I find having more accounts keeps things organized and he believes it’s too much to keep track of. The credit cards we usually only use two of them for their rewards so we could go without the other two but we have had them the longest and we do use them every once in a while. The checking accounts do seem a bit excessive but 2 of the accounts are used just for paying our rent. We also had one checking account that my paycheck was direct deposited to when I worked so really we have no need for that one as well and the 4th account is our main checking account used to pay all of our bills out of. Now for the savings accounts….I wish we had more….we have a savings account for each kid (3 kids), one for our house fund, and a much needed emergency fund. I wish we had a vacation savings account as well as an account for those expenses that pop up throughout the year like car insurance. The Cd’s we use to get 3% on but now that there is nothing direct depositing to that checking account we lost the 3% and now it’s at .75. The 2 CD’s are earmarked for a car. The mutual funds are all towards our house fund pretty much. Retirement accounts are pretty self-explanatory we each have one. That’s all for the breakdown. Do you seem to prefer more accounts or less? Why?