When you are saving for the family, would you let your husband knows about it?

Philippines
June 9, 2009 6:08am CST
It is common that the wife do the budgeting at home. Every payday, husband's and wife's income are consolidated and budgeted for the needs of the family. Financial experts also advise that 1 to 20% of monthly income be placed into savings depending on how much one family can save. I am trying to practice it and so far, so good. Not 20% though as it is very hard to achieve given the growing needs of a growing family. But the question is, will you let your husband knows that you are saving for your family? I tried to hide our savings from my husband before. But as the savings amount increases, I am too excited to let him know about it which I did. To may dismay, what he had in mind then knowing that we have certain extra money is to buy this and buy that. :( From there, I realized that hiding from your husband for cases like this do good after all.
1 response
treborbus
@treborbus (16)
• Philippines
12 Jun 09
For me, It depends on how your husband handle the extra money. Sometimes, we need to hide this if you found that your husband was not doing an extra care on his extra money. It is okay if your husband buy a things that will probably bringing help in your house chores (for example, your kitchen need cooking wares). I suggest you continue to do savings without knowing your husband so that in case of emergency or urgent needs, your secret pocket will take care that without affecting family income. :-)