Mike is still feeling under the weather today, so it’s my first solo video!
I wanted to talk about, well, that I don’t really know what I’m talking about.
Mike has always been financially minded… me, not so much. I’ve always trusted Mike completely, and that led me to not always ask about what was going on with our money.
When we started making our YouTube channel about finance, I was a little nervous since I didn’t know what I would be talking about. So I started researching and reading and asking Mike the questions I might have been too embarrassed to ask before.
This brought up the question of whether it’s OK for one spouse to be in control of the finances?
For us, Mike enjoys all the personal finance stuff, so why not let him take care of it?
I think it’s OK for one spouse to be in control, but it’s important for the other person to still know what’s going on. (We talked about this in our Joint vs. Separate Bank Accounts video)
I came up with a few questions to ask to get started:
How much money do we save a month?
Are we in debt?
Do we have an emergency fund?
Where are our bank accounts?
In the video I answer those questions, and throw in a few more in depth questions. Asking these helped me to know exactly how much we save and why.