Cheryl and Jay start off arguing but quickly find common ground in Cheryl’s nerdy status. Other topics covered include setting up an emergency fund and when to consider refinancing. Cheryl is the self-proclaimed Queen of Refinancing – no word yet on whether or not that title comes with a crown. Cheryl and Jay admit they are among the small minority that still balance their checkbooks. For those under 25, please do your own research as to what a checkbook is.