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Ask Paula: My Dad Died, and My Mom Is CLUELESS About Finances

Afford Anything

00:00

Consolidate Everything Into as Few Accounts as Possible

"To the greatest extent possible, consolidate everything into as few accounts as reasonably possible," she says. "Having just one credit card so that when I'm trying to track my spending, I only have to look at one account statement ... Whew, that creates a level of simplicity."

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