Who Has The Rights to Hold and Managing Family's Financial
By aowaow
@aowaow (1516)
Indonesia
October 3, 2007 11:43pm CST
It's a new dispute in modern life. In classic life, the problem seems never existed. Because the head family and backbone is on male side, father and husband. And the right goes to his hand to handle this.
But now, it's another life with creepy emancipation act which is introduced some new problems to show on the surface. When 2 head is trying to take control and balance everything in family, you will now know how heavy it is.
What do you have in your idea, Should this handle by one person or both? I expect an acceptable answer. Please, I don't want short answer with Yes or No occasion only. Share as much as you can in here.
The better if you were already there, share your solution on this. I will rated + to every single complete answer from the person who open the answer posting, with of course with your reasonable reason. Best response will be credited to among the first 50 ideas.
3 people like this
8 responses
@MarieJ23 (1040)
• United States
4 Oct 07
For me, it should be BOTH. It should be a joint responsibility of the husband and wife. For us, right at the start of our marriage, hubby and I talked about it and we agree that everything, including financial flow, should be open to the two of us. At first, he was quite reluctant and I understand it because maybe he is not used to having another person to manage the financial matters, but later on he also gave up since he knows that I mean it. Both of us knows where the money goes, we talk and agree if we want to buy something, we both sit down and make the grocery list or if he is very busy when he gets home from work I will just write the grocery shopping list, let him read it and if he wants to add something he is free to do unless it's not important at all. Well, different families or couples have different arrangement especially to the financial matter and I respect that.
3 people like this
@stella1989 (2274)
• India
4 Oct 07
In this century there are such specific rules about who should handle the financial matters of home.
In my view one who as the better knowledge about the products used in house and family needs and who knows how to spend money should handle the fainancial matters of home!!
To keep a good check on money flow..!!
Its not necessary that one who earns well is the only one who can handle the family's financial needs!!
But the better option is, in a family both the heads i.e. wife as well husband both should handle the family's fainancial together!!
:)
3 people like this
@sandwedge (1339)
• Malaysia
4 Oct 07
the "The Rights to Hold and Managing Family's Financial" rests with the committee - the family. the Chairman/Chairwoman - head of the family have the last say. everyone in the family have good ideas but not all goes hand in hand with other ideas, some may contradict..but nevertheless they are all good. its up to the Chairman/Chairwoman of the committee to decide what is best. what is important is there is a discussion regarding the next course of action instead of one person's ideas.
2 people like this
@alamode (3071)
• United States
4 Oct 07
The finances should be handled by the one with the best ability. Hun and I talk the matters over, but the final decision as to where the money goes is mine... I have studied all aspects, and know how to balance the accounts. I also am financial officer for our business, doing the taxes and the insurance for the past 7 years.
@gracious_grazie (39)
• Philippines
4 Oct 07
It's better both, You can ask for the help of each other rather than only one person handling everything and at the end blame the other for the mistakes. It's a matter of discussing everything for the both of you to understand every matter.
3 people like this
@aowaow (1516)
• Indonesia
4 Oct 07
Nice point. Actually I was thinking the part of blaming just like you said. Could you give any samples or maybe some occasion about this? Why it could be blamed, maybe expenses too much without notification, maybe? Go forward my friend, I'm open to any idea.
2 people like this
@bluebell19861022 (12)
• China
4 Oct 07
For me ,it's better to handle family'fanancial by one person.And there is no the best way that who handle it but decided by who take resposbility for house work.My suggestion is female to manage,for they are more calm and more careful.different family has diffent way,it depends.
@aowaow (1516)
• Indonesia
5 Oct 07
Yes, you are right. Woman is very good in handling details, like each nickel of expenses or unseen by her hubby.
I had seen another family-story, where husband trusted the money to his wife since beginning of marriage years, they had been married for 15 years, and years passed, his wife began to take control on everything, i mean everything. Her hubby is the most patience guy I ever seen, I asked him how, he just thinking about his 2 boys to grown up as a man and get married. He preserved his marriage just for his kids now, his wife's changed totally and showing her genuine habit which he didn't see in earlier year of the marriage, she is easily bad temper and very stubborn. Is it because of holding money means holding power in the family?
@reinydawn (11643)
• United States
4 Oct 07
I feel that a marriage is a union in every way - even financial. If one spouse does not have an income, he/she is still part of the union and should have some say in the finances. I have always worked, and usually had the most "control" over the money - by control I mean, I did the grocery shopping, depositing money to the account, paying the bills. I wasn't the only one earning the money, it's just that my first husband was horrible at that kind of stuff. In my new marriage, we share the responsibility. My husband makes all the payments while I balance the checkbook. That way we both know what money is going in and what is going out. We both review the bills that come into the house to make sure they look right. This makes it easier when we are looking at a large purchase - we both know how much money we do or do not have :)
@aowaow (1516)
• Indonesia
5 Oct 07
It is nice you both had such great understanding.
Just don't let those "nickels" trigger problems in family. And sure all family doesn't want to. Agreed, it just how each couple orchestrate their own budget and earning for the family's sake.
I love your point trying from details to the large scale. Thanks for sharing this part.
@lucky_witch (2707)
• Philippines
18 Oct 07
Well, for me, even in the day before although the man is the head of the family, I believe that when it comes to financial discipline and budgeting, it is the wife's responsibility. Though she should have to consult her husband regarding her decision, I believe its her right and responsibility as a woman.
