I login to Tiller about 3-4 times per week to keep up-to-date on categorizing transactions and download new balances for all of our accounts. This is important for my wife and me, because we use AppSheets to track our Tiller status on our smart phones. This ensures that we both have the most up-to-date information upon which to make decisions on the fly.
Then, once about every two weeks, we have a “Board Meeting” where we talk face-to-face about recent activity, how much the boys are eating, why her sister returned her birthday present, why I overspent on my allowance (again), what expenses are coming up, etc. (For example, just this morning, my wife said, “Why did we close my IRA?” (She received a notice in the mail.) I reminded her that we didn’t close it: we moved it to another advisor.) This kind of dialogue is really important, since we are learning that communication about spending, budgeting and expectations is as important as keeping the numbers straight.
Depending on the activity, these board meetings can take 10 minutes or up to one or two hours where we review every category and its activity, every account balance. Lots of coffee, humble, honest appraisals…but we have learned that this is the most important part of sharing money and a budget: talking about it all and making sure we see the same picture at the same time, and in that, there is tremendous freedom.
We spend several days at the beginning of the year developing our spending plan, too.
Does that help?