I take care of all of the financial stuff in our household but from time to time, my wife and I will sit down for a "financial date" when I update her on everything that's been going on and where things stand.
I'm off today and we're in the midst of a snowstorm so it was a perfect opportunity for our latest financial date.
I showed her how my income has changed over the last 3 years with my transition from family practice to urgent care. I then reviewed where the bulk of the extra income has gone (college costs, malpractice insurance, travel). I explained how we're currently spending $3,100/month for college but the last payment will be made later this month and then going forward we'll have an extra $3,100/month to direct to other things and I told her how I plan to do that.
She asked a number of questions. We talked about the financial impact of our daughter finishing college but moving back home with us. We talked a bit about retirement planning.
All in all, it was a good update. I always like to make sure she knows what's going on even though I'm the one managing stuff on a day to day basis.
Financial date with my wife - done
March 7th, 2018 at 06:59 pm
March 8th, 2018 at 10:45 am 1520505916
March 8th, 2018 at 11:56 am 1520510169
March 8th, 2018 at 02:04 pm 1520517842
My wife knows my income went up. Of course she knows our daughter is finishing school. And she knows and trusts that I'm on top of everything and know what I'm doing but I still want to go over the actual numbers with her periodically. Also, she wasn't able to come with me to our accountant this year when we did our taxes so she missed that opportunity to get the year-in-review and future planning piece of the story.
March 8th, 2018 at 11:24 pm 1520551465
March 9th, 2018 at 03:22 pm 1520608978
March 10th, 2018 at 04:07 am 1520654871
June 12th, 2018 at 06:44 pm 1528829088