Who will handle the money?
By robert19ph
@robert19ph (4577)
Philippines
July 9, 2008 2:48am CST
Hello,
In marriage who is handling the money of a couple? Is it the husband or the wife?
I am married and my wife is handling our money. She is doing the budgetting and it's just fair that she will handle it. I our country we still work with cash, credit cards and check are not so convenient to used. It is more of a hazzle. She just give me allowance for 15 days and I'll just budget that out for fare and food. If I need more money I have to ask her and sometimes I got it and sometimes not. It's just the way it is. We did not talk about it before we got married, it just come out naturally that the wife handles the money. It seems women are better at budgetting things at home.
I know some marriage couple, the husband is handling the money and some even handle both their money and just share around the expenses at home.
So how about you guys, who is handling the money and why?
If you are not yet married do you have an idea who should handle it? Do you discuss this with your partner or you just wait when you get married?
6 people like this
34 responses
@angel_of_charm (4134)
• Philippines
11 Jul 08
in our case we both work together so we just do the give and take process..he gives me half of his salary..we don't need to think much of bills..we just pay electricity and thats all..as per my salary i give it away to my family as a support for their apartment and other bills..we never talked about any arrangements on this..it just happened..if i need a lil more money that what i should have i tell him so we can try to settle it..
3 people like this
@robert19ph (4577)
• Philippines
12 Jul 08
Hello angel_of_charm,
That's good. How come only electricty? You don't have telephone, gas, cable, internet and water bills? I think most of it came naturally.
1 person likes this
@littlepinoy (600)
• Philippines
11 Jul 08
I think it all depends on the agreement of the couple. Who is good at budgeting? Who is the income generator? For some, the couple have a shared account of money while still keeping a percentage of their income for themselves. I think it all depends on the couple's agreements.
3 people like this
@robert19ph (4577)
• Philippines
12 Jul 08
Hello littlepinoy,
I don't like the idea of keeping something for myself. I feel better if we both decides on what to do it. My allowance is just enough for me.
1 person likes this
@academic2 (7000)
• Uganda
25 Jul 08
My wife handles all the money we make together-it puts her incharge and since she is very frugal, I guess I put my income to the best use-otherwise am this kind of generous person who would give away all our family income to the many people coming about saying they are about to die of hunger with all their kids in their houses-I cant just keep money in my pocket when people are dying off!
2 people like this
@robert19ph (4577)
• Philippines
26 Jul 08
[i]Hello academic2,
Wow! you are very generous. There should always be someone that will handle your income. It's good you have your wife to keep your generosity in check.
Warm regards. [/i]
@danishcanadian (28955)
• Canada
16 Jul 08
I am better at handling money than my husband is. He is the higher inome earner, but I do most of the money handling. We make decisions together, bu I am less impulsive than he is.
2 people like this
@robert19ph (4577)
• Philippines
26 Jul 08
[i]Hello danishcanadian,
That's ok. We have the same setup with my partner. Even though she sometimes buy impulsively so she avoid going to the mall.
Have a nice day![/i]
@myliezl0903 (2726)
• Philippines
11 Jul 08
hi there! i am very much single but for me i guess once you get married you should talk about these things like who will be responsible for budgeting the money.,but it would be nice if the girl would do since i know that more of man are working than woman.,and it would be fair enough to give that responsiblity to your wife.,i just hope she could handle things like the budgeting thing.,Ü and not to spend it into something that is not really important! lol!
have a nice day ahead!
see you around!
@robert19ph (4577)
• Philippines
12 Jul 08
Hello myliezl0903,
That's very sweet of you to take care of the money. It does happen that money is wasted on some vices we have. So a good money management is key.
1 person likes this
@jairgirl (2877)
• United States
9 Jul 08
hello robert,
that is nice that you trust your wife to do all the money matters for your family.
to answer your question.
my hubby and i have the same account and we both do the budgeting. have access to both cards that we have and we talk to each other before we purchased something big.
he tends to buy a lot of stuff for me and i tend to like a lot of stuff but we make sure that if we spend something more than what he is earning (i dont work) then we are in big trouble.
we dont spend much other than food as he thinks it is best to enjoy our meal specially if we are out.
we try to go for a vacation and enjoy it for that time being and after that we will not spend much for the next few months.
our bills are automatically payed so we dont have to worry not paying it on time so that is a great thing.
we both watched our savings and if we see it going down then we know we are spending more.
i have been calculating everything that we spend.
i have a spread sheet with me and i break it down to different things that our money goes.
that way we can see where we spend the money the most and we can cut down the next time.
i do allow him to have extra money on his own so he can buy something that he dont have to give me his receipt as he thinks that it is no longer sweet if i know how much money he spend for that gift LOL
we really need to save from this month and on coz we did spend a lot on our last vacation so we watched out everything that we spend, less dining out and buying extra stuff that we dont need really.
anyway, to sum it up.
the money is handle by both with care coz we both know that we have to be responsible to whatever we do.
any mistakes will not be felt by one only but by whole.
have a good one!
@robert19ph (4577)
• Philippines
10 Jul 08
Hello jairgirl,
Very well said and you really have a good planned financially. No child yet?
Like you, most of our bank accounts and other investment stuff like stock, bond or what have you, are joint. But she mostly knows what going around. Vacation is one thing that we have different in opinion. I like to see things and travel but she don't. She hates travelling and so we have a small budget for that and makes me sad. It's ok because sometimes I get that opportunity in our company. Maybe when the kids have a family of their own, then we can travel.
@jairgirl (2877)
• United States
10 Jul 08
hi robert,
haha, not really good on handling our financial stuff but we are working that out.
we planned to have the kids next year as we want to enjoy traveling first and go on with a kid.
we would like to enjoy our selves to the fullest before the big responsibility beside we want to save something for our future kid so that is something we agreed before.
wow, your wife dont like to travel i wonder why. i have never met someone who dont like to go places and see new things.
anyway, that is great that you can travel in your company's expense that is really worthwhile.
yea, maybe your wife will change her point of view bout traveling when your kids have their own life. it is always great to have those time away and just relax each other.
it's great that you respect your wife's decision and willing to wait when she is ready.
btw, how many kids do you have? ages?
takecare
@Theresam (1177)
• United States
30 Jul 08
I handle the money in our relationship-paying the bills, analyzing retirement etc. My husband has a weekly allowance and extra for gas. We usually discuss it once or twice month budget wise and don't make big purchaes unless we to to the other about it.
1 person likes this
@robert19ph (4577)
• Philippines
7 Aug 08
[i]Hello Theresam,
That's a good setup. Similar to us.
Regards.[/i]
@williamjisir (22819)
• China
18 Dec 08
Hello Robert. I am a family man as well and my wife is very good at handling the money. When we need to buy something expensive, we usually ask each other's opinion about it. I love it when my wife is good at handling the budget per month. I appreciate her for her nice work.
1 person likes this
@robert19ph (4577)
• Philippines
18 Dec 08
[i]Hello williamjisir,
Yes, it's good to have someone good in budgeting in the house. Do you have allowance? or you segregate some percentage of your budget for yourself? It's a hazzle sometimes to get a raise for you allowance.
Thanks.[/i]
@zeroflashx2 (2491)
• Philippines
9 Jul 08
When I get married, I'll let my wife handle the finances. I'm not that good in budgeting yet. I almost always end up with less money for savings. Sometimes, I do end up having more as well, which I'd hope to be always.
My fiancee is really good at budgeting, all top priority expenses are taken cared of even with a small budget. And she even has enough savings and a few extra for things and services which are on the category of "wants". If I'd take care of it, the budget will not go far.
@robert19ph (4577)
• Philippines
10 Jul 08
Hello zeroflashx2,
That's very normal when you are still single and no family responsibility yet. You are one day millionaire the term we use in here. Good your fiancee is very conscious about money. I hope she'll provide more with the "wants" things.
@zeroflashx2 (2491)
• Philippines
10 Jul 08
Thanks robert. Well, I trust she'll do great in handling the finances. She'll push through with the wants. ahahha. take care!
1 person likes this
@kilani123 (864)
• United Arab Emirates
9 Jul 08
well i guess it varies between couples , sometimes the guy take over the handle of the money and sometimes its vice versa ...
thats what i think !!!
2 people like this
@anex08 (868)
• Philippines
25 Jul 08
Sometimes, its really a great job for a women handling and budgetting financial matter at home. We cannot deny the fact that majority of the family particularly Filipinos who belong to middle class was run and budgetted financialy by the wife and the Manager or the Financial supplier is the husband. Women can really budget successfully compared to men because they are not only price concious but quality concious too. In the grocery or supermarket or even shopping mall, women can pick up immediately what they need and wants because they knew already what they should get while men is having a long time choosing because they have'nt figure out yet what they need and really wants. Hehe,, that's one great differences which makes men and women became a succesful union or partner.
@robert19ph (4577)
• Philippines
26 Jul 08
[i]Hello anex08,
That's a very enlightening revelation. Opposite really attracts.
Regards. [/i]
1 person likes this
@mjmlagat (3170)
• Philippines
9 Jul 08
Hello there! I know what you mean because we live in the same territory.
It has been in our culture to let women or wives handle finances at home an in fact, that's how I learned things at home when I was growing up...But you know sometimes, men are so independent that few of them want to be self-sufficient in many ways..there are few out there who are not YET used to the idea of being dependent to women's intuition on budgeting.
I don't know what could have been the reasons behind but well, your wife is just very lucky!
Happy posting!
1 person likes this
@fafinette79 (943)
• United States
10 Jul 08
I'm married and I handle most of the finances and bills. My husband is a Marine in the military so he's really busy. I do know a couple of married men that don't trust their wives with money or the handling of the money. I also know a couple of wives that I know I wouldn't trust either. This is something that couples usually figure out while dating. My husband and I didn't really discuss it, we just knew. He always let his accounts overdraw and never knew what his available balance was. It just made sense. I don't think it has anything to do with being a man or a woman. Good post!
@robert19ph (4577)
• Philippines
11 Jul 08
Hello fafinette79,
These is very true. What happened if both partners are not money conscious? I think most will end up in debt or worst go bankrupt. Managing your financial status is important in marriage. A lot is dependent on that.
1 person likes this
@fafinette79 (943)
• United States
12 Jul 08
I know some couples like that also. What happens is that they get tired of being in debt and then learned to be better at finances. I also know couples who let the spouse go and mess up the finances even though they know better themselves. Money can and will break up many relationships if allowed to. My hubby has become much better at managing money and keeping us above sea level.
@_sketch_ (5742)
• United States
7 Aug 08
I'm not married yet, but I have a long-term boyfriend who is terrible with money, so whenever he gets paid, he keeps some of it for himself and gives me the rest to save or pay bills with. I don't determine how much he keeps or gives to me though, so I don't think it is really an allowance like what you say you do. When we get married, we will probably do basically the same thing we're doing now. I think that it is a good system. Girls are not always better with money though, but I think on average we are.
@robert19ph (4577)
• Philippines
7 Aug 08
[i]Hello _sketch_,
It doesn't matter actually who will handle the money as long as you are ok with the system you have. As long as each couple is happy, it's fine.
Regards.[/i]
@robert19ph (4577)
• Philippines
11 Jul 08
Hello balasri,
That is good at least you can concentrate on making money and leave the budgetting to the expert too.
@cathylmg (283)
• Singapore
11 Jul 08
Well my brother in law give his whole pay packet to my sister-in-law. She handles everything. My brother in only gets a monthly budget for his transport and lunch. Any extras, he earns it doing partime. He gets to keep those that he earns from his partime pay. I think that if your wife is not working and you pay is not huge, then getting a partime job to earn extra income is the way to go since it also keeps you more focus. Less time to think of spending money on this and that.
@robert19ph (4577)
• Philippines
12 Jul 08
Hello cathylmg,
Your brother is a really good guy. He even has time to do a part time job.
My wife was working when we started as a couple. She resigned now to take care of our children. It is not important if your pay is not huge. You just have to live within your means. Part time job takes a lot of your time, to which you should be spending with your wife and family. A good stable job even with low pay is good enough for me as long as I still have time for my family. It's mostly material thing that you get from your money, but the time you spend with your family is priceless. Material thing can be lost and replaced.
@lordofdarkness (163)
• Malaysia
10 Jul 08
im the kind of guy who is very careful about my spending.
thats a nice way of saying im a cheapskate lol
so it would definately be me.
besides im already managing my family's finances anyway
1 person likes this
@robert19ph (4577)
• Philippines
11 Jul 08
Hello lordofdarkness,
If you have the experience then there is no problem. I hope you partner will agree.
@robert19ph (4577)
• Philippines
11 Jul 08
Hello dhangski,
No comment there. My salary goes into the bank and my wife handles the atm card. I just handle the payslip. She just give me my allowance afterward. I am like a student still depending on my wife who gives me allowance, feed me and clothe me. It that a good deal?
@lazeebee (5461)
• Malaysia
10 Jul 08
I think your arrangement is pretty good - my sister and her husband do that too, as she's better in handling the budget. For me, my hubby is better at finance (more organised), and he will pay all the bills & expenses, and does all the budgetting.
@robert19ph (4577)
• Philippines
11 Jul 08
Hello laseebee,
It's not important who does it as long as you agree with it.
@berniebky (12)
• China
10 Jul 08
my wife is handling our money too, but i am the boss, she is just a accountant.
1 person likes this
@robert19ph (4577)
• Philippines
11 Jul 08
Hello berniebky,
That's a very good arrangement. Does the accountant blackmail the boss.