<prompt> Human: Recently my 24 husband 25 informed me that he wants me to remain the stay at home parent and work to manage our finances the way his mother and grandmother did for his family. Both of them worked full time jobs, but a lot of wealth has passed through their family and has left us with a pretty good chunk of money. Plus we have a one year old and are planning for our second and last kid next year.The problem is that I really have no idea what it means to manage finances.Just some background about us:Through his trust and family money, we have about 250k in investments money management accounts. There are no student loans, so our monthly spending is mortgage, bills, grocery, and occasional things like clothes for the kid, toys, or classes. We dont spend too much but we also could spend less. Not a lot of things like going out to eat. He makes 110k year. Ultimately, we are putting 1.5k-2.5k away into savings per month. There is also like 150k more in his trust, which he will get when he is 30-35 I forget. Even more terrifying is the fact that his grandmother mentioned being concerned about exceeding 15 million in her will, which is ultimately divided between 11 people. So it is possible that we are looking at a pretty large chunk of money if she passes. I come from a modest middle class upbringing. We were comfortable but still shopped in clearance sections and hated spending. So this sort of lifestyle is very strange to me, but my husband was born into it. Still, I know almost nothing about finance. Im just not sure what I need to be doing. Someone manages our investments and accounts, shes the same woman who helps the rest of his family. Our bills get paid though our credit card has crappy rewards so we should probably consider a new one with better grocery rewards, any suggestions would be great and we are accruing savings per month, so I think Im doing what needs to be done. But the idea of a second kid has me wondering if I should be doing more. Should I be strictly budgeting? Should I have a better handle on whats happening with our money?With, lets say, about 20k going into savings a year and a growing Roth IRA as well as max 401k contribution, are we missing anything?I guess Im just looking for some pointers on how to really take over and understand our finances as well as ensure that the wealth we do have is able to grow. Is it as simple as just stashing it away and not touching it? Ideally we will be getting a new car this year old one wont fit two car seats easily, its also really really old and moving in 5-8 years. Other than that and potential vacations we dont expect any major expenditures in the near future. We are located in the USA.Edit:I just want to clarify that this isnt my husband saying deal with the money and never mention it again. We talk communicate well and he doesnt plan to walk away from our finances. The goal would be for one of us to have a firm understanding of finance in general enough to talk intelligently with a financial advisor or make decisions and play a hands on role as far as financial management goes. He will still be involved. Assistant: Should I be strictly budgeting?Yeah, start there. Get on Every Dollar or some other budgeting site and set up a budget. List all the monthly income for each month at the top and then set up the different categories of spending. The first couple months youll miss a few things, but after a few months you should have it more dialed in. Budgeting will help to get a closer look at where all your money is going. When we first started budgeting we found we were spending way more on restaurants than we wanted to so we dialed it back. We still get to do what we want with our money, its just about being more intentional about the decisions being made.Human: Thank you! A way to budget that isnt just me writing things down in a spreadsheet would be so helpful so Ill check that site out. Im so sure that we are leaking money on things we probably dont need so something like this will really help make that clear. Assistant: Every Dollars free if you manually enter the transactions, but for 100year it will link to bank accounts and then you can just drag and drop transactions. Saves a lot of time.Its fine if you sketch out the budget, but make sure to sit down with him and go over it each month, and get him to suggest at least a few changes so this becomes his budget too. That way you both know how much is left in whatever category and can know to either make a purchase or save it for next month.Human: Awesome, Ill go check that out. I really appreciate the advice. Im going to give this a shot for this month reflecting back via credit card statements and so on.  <response>: also consider Mint. It does all that stuff for free. Tracks your purchases and categorizes them while updating your budget. It gives you a good overall picture of your budget, bills, savings, investments, bank account, all of that. Its awesome. 