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No. of Recommendations: 2
Because with each additional account there is more work and hassle (tax reporting, making sure it doesn't go below the min balance)

*shrug* To each his own. Personally, I don't think it's that much added work (one sheet of paper, adding an alert in Quicken to scream at me if I get too close to the minimum balance - which usually doesn't come into play since 99% of the accounts I have don't require one - etc.), considering that I'm replacing accounts, not adding new ones. This is especially true if any account I open is with a company that I already have other accounts at (USAA, ING), as they're already sending me paperwork.

But then, that's me. I can tell someone, off the top of my head, the balance/due date/billing date/interest date and rate of every single account I have to within $100 and a day or two, because that's just...what I do. It'd be a very long, boring list for the listener, though :-)

Others may not have the OCD-ish mind I have for my finances, and that's probably a good thing *g*. The time to effort ratio would be much higher, and it would be, as you said, much more of a hassle.
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