Who handles the money in the family?

I am an Indian and the head of my family that consists of seven members.My mother expired six years ago.When she was alive,then handling money was her responsibility.Now it is mine.My sisters and wife are always busy with their household chores.My son is busy with his job and study.My daughter is not at all interested in studies.She assists her mother and aunts.I handle money,but it doesn't mean I behave as a dictator.There is full transparency in our democratic family.I spend money after consulting my wife and sisters.

In our country, normally it is the wife who handles the finances. This is because most mothers are usually just plain housekeepers so they should rather just take care of this task. I however noted that this has been the normal setup even with working wives. I myself do work but I handle the finances of the family. My husband gives me money every payday and I add my own earnings to it to support the needs of the whole family. I believe it does not really have to be the wife always. It can be the husband if he knows how to handle the money better than his wife could. I think the husband and wife can always talk and agree who between them is capable of handling and running the finances of the family.

In my country the husband usually handled the financial things in the past. The husband paid the bills, invested money, saved money etc and the wife got a certain amount of money per month so that she was able to buy groceries and the other things that they needed in the household. Today that situation is not common anymore, and in most families the husband and the wife make financial decisions together. Sometimes the wife handles the money and takes care of the bills and savings and all of the other things. In my family it is like that. My husband is not very good at saving money and he spends too much money so I am in charge of our savings and I transfer money to our savings account each month.

Fulltank: In my family I manage the finance - keeping records, paying the bills etc. My wife has has not been involved in these directly. however she decides what is to be bought and how much is to be spent and all that. I suggest hereafter it should be 50/50. Bank accounts should be in the name of both husband and wife (Either or survivor). Both should monitor and follow what is happening in the accounts. House property, car etc. should be bought in two names and not one name--especially among youngsters this builds harmony,

hi!! in our house my mom always handle the money since my father is a military.(my dad give the credit card to my mom). my mom always pay the bills my dad wont complaint but sometimes my my dad also handle the money. what ever we needs we always consult to my mom even dad.

In my view I could refer to the wife In all expenses and the Money should be on the wife not on the husband. Maybe girls might attract in those bags etc. that they love to buy. In most cases the wife know very well in what will be needed in the household shores rather than the husband. husband might know the heavy thing in the house and safety devices but most cases the wife know what will be needed. And its depend in every situation where both have their ability to budget but to have the money should be in wife. :D and one thing first wife and husband are now in one flesh the one should know those thing before they decide to buy something for household shores.

i have my money and he has his.. and i could buy what i want. But with bigger money, i would rather give it to him to keep it as he is better saver than i am lol

In America, it's a personal thing. That is, whoever GOES-OUT-TO-GET the power is the one who HAS the power (and that's all that money is---a number- or material that represents 'the power' to buy products-&-services). That's why women have (at least years ago) been seen as little more than money-spenders ... maybe some of them are wise about spending as little as possible, but some are not (forcing men to be more-stingy or--failing that--forcing the government to be more-stingy).

I don't know if it is a cultural thing, but I know in our family it seems that the women are better in handling household money. Both spouses are working, but for some reasons the men in our family do not seem to have the patient and interest as the women do in handling details of money matters. Both spouses make decisions in general and large funding, but the women carry on the detailed budgeting much more efficiently and effectively.

Hi, My wife is a housewife. I used to give all the salary to my wife except some amount with me. Now i am retired person. I am working as an insurance adviser. So we together manage the money in the family. our family is not orthodox family.

I do it at my home and I am woman but I tell you that I don't like it. I always tell my husband to handle the finances. I am very bad with money. It just finishes from my hands and sometimes I don't where it goes. .. thanks for sharing and have a wonderful day ahead.

no its nt exits in now days

I take care of the bills, checking account and any stocks that we have. I would prefer that my husband did it but he is really lousy at keeping all the receipts, what our balance is etc so I do it. I also get our records ready for the accountant when it comes to tax time which is what I am having to do with my spare time starting this month. I am almost done. Just have to wait for the proper w-2s to come in.