Keep It Simple
The more simple your finances are, the easier time you’ll have sticking to a budget. If you have several credit cards, you are making yourself more susceptible to identity theft as well as missed payments. Missing payments and going over your credit card limit can severely impact your credit score.
The same goes for investment accounts. If you have a high number of accounts to watch over, there’s a higher chance that you will miss any issues that come up. Having a large number of bills and accounts to monitor will take up a lot of time and energy.