Dubious practice by Nationwide

Second_Account

No_6 wrote: »

How do all these people that " may open multiple accounts "
because it seems so easy on here, with 1,2 or 3k "posters posting" !
going to keep track of their spending !, DD's, SO's

without any money program of sorts ?

I could never have done it back in the, really early 90's
with out my favorite.

AND my 10 years beats your 7 years

I only have about 10 accounts (Current Accounts and Regular Savers) which i use solely for the "high" interest/ reward payments.


I just use a Spreadsheet which containts all the information i need and i have never had any problems and it takes me less than 30 minutes a month to keep it up to date and to make sure all payments are being made. Plus i usually do it when i have a spare few minutes so MS Money would be no good because you can only use it on a computer and i usually do it on my phone.

badger09

I, and many other regular posters here are operating 20+ current and regular savers.

I've never felt the need for any money programme.

I have a comprehensive spreadsheet which details the minimum pay in, DD etc requirements, significant dates such as maturity for reg savers, and regular outgoings for each account.

I update the balances at least once a month, though usually more frequently.

I use a mixture of standing orders and manual payments to meet the monthly funding requirements.

Works for me:)

schiff

It's a bit old-fashioned I know but that's me! I use cards and a pen.

One card 7x7 on which is squeezed my 14 RSs with name, £ per month, what account feeds them and a list of just the date of each deposit. Using abbreviations of course. And I write small!

Another card called 'First of the month'. The accounts to which a £1000 payment is due. Then a list of the 6 current accounts I have with a list of the SOs that are due to come out. And a final column showing the amount of any money left over (very little actually!) to be dealt with (Cash-till etc).

I have three Bank of Scotland accounts. Another card listing the DDs and the dates they are due in chronological order - for monitoring purposes. Another card for the DDs for my credit cards - again for monitoring. And finally a card for 'Interest on Current Accounts' in chronological order.

The first and second working days of the month are a bit intense but after that it's a daily quick flip through the cards to see if anything needs doing or checking. I find it so much easier to have physical easy to deal with records than everything computer based but that's my age I suppose.

I do have spread-sheets on computer. A list of my 10 current accounts in interest rate order, max balance for interest, variable or not, required deposit per month. A list of my 14 RSs in interest rate order with date started and amount allowed per month, variable or not and the date and source of the SO. And my stoozing or minimum payment credit cards with the date to be paid off to avoid charges.
For occasional checking.