who budgets your family's finances: you or your husband?

Philippines
May 18, 2007 5:01am CST
My Husband does. He read a book by Dave Ramsey called "The Total Money Makeover." Then I read it...so we were in agreement on our plan towards a budget. I totally recommend the book too if you're looking for a good budget plan. I was hooked after reading the first chapter. It's not over my head at all. Easy read, easy to understand...challenging to apply though because I love to shop!!!
4 people like this
20 responses
@castleghost (1304)
• United States
18 May 07
It sounds like a book worth looking at atleast. My partner handles all of our fiances. She makes sure that all of the bills are paid on time and does most of the shopping. She lets me know what is going on so that I am kept in the loop about things however She likes to study how much we are spend and on what we are spending our money on to see where we might be able to cut costs at. I am sure she would beinterested in reading a book like the one you mention.
2 people like this
@rapolu_cs (1184)
• India
18 May 07
Thanks for your information and in our family ours is alarge family and my father-in-law handovers all the financial matters even with the home budget i think he is best in doing thus as he is a bussiness man and he has good expierence in maintaing the money in the correct in the way.
• Philippines
29 May 07
My husband do the budget plan for our family coz I cannot understand that word-BUDGET!! Im a bit spender I admit that.
@KissThis (3006)
• United States
18 May 07
I handle most of our expenses. I make sure that all of the bills are paid on time. That the items in the house are here when we need them. I am not much of a shopper so I just buy what we need. I do let my partner know how much money we have and how much money we have going out in bills. I also study our spending habits to see where we might be able to save money, I also like to share this information with my partner.
1 person likes this
@sunshine4 (8708)
• United States
18 May 07
I have never heard of that book. Thanks I'll have to check it out. I am the budgeter in our family. I have our budget on a spreadsheet. Every week my husbands pay is automatically put into the checking account. I take the amount and split it up according to how much each column gets weekly. I have everything in our budget from mortgage, bills, groceries and vacation. For example, each week I put $20 into our vacation column. Then when it comes time for a vacation, we have the money needed. It works very well for us. We don't have a lot of 'extra' money, but we appreciate what we do have and are always able to pay our bills and the credit cards in full. My down fall is shopping also. I will try to skim out some money here and there if I really have the need to shop for new clothes or shoes ect.
1 person likes this
• Canada
18 May 07
i'm a single mom so i do the budgetting in my house but even when my ex was here i had to do it. we argued about money all the time. i budget was basically in the red and he'd still spend 200 dollars to play soccer or to go out drinking all the time. those were his priorities and not the bills. so i'm so glad i'm alone now cause i use my money for bills first then my daughter than me if there is any left. i get really stressed about money so i really like to have my bills paid first and i can't stand being with someone who just spends all the time and doens't think about the fact that this bill is comming in next week or we will need groceries next week.
1 person likes this
• United States
18 May 07
I budget for my household even though the only money I make is here at mylot, its my job. I try to make sure that all the bills are taken care of, then comes groceries and gas, then clothes and cleaning supplies, and last entertainment. We try to buy newer movies for our young son, and board games of video games for ourselves. That usually happens only once and a while, so we don't spend much on entertainment. I think that the most important thing is bills first, then fun.
1 person likes this
@sunshinecup (7881)
18 May 07
That is interesting and I will have to check into that book. As for the question, I do the budget. I have a nack with keeping the checkbook in line more so than my husband. Setting and keeping a budget comes easy to me and it works great. I have been doing it for almost 10 years now. How ever I take any information I can get, I am always looking for tips and better systems than what I use. So thanks for the suggestion.
1 person likes this
@SomeCowgirl (32266)
• United States
24 Apr 09
Great tip! I know this discussion is old but I wanted to rejuvenate it as I think it has some valubale info. I haven't read the book myself but if it's been a help to her and her husband, then I think it's worth a try. Has anyone else read this book and what did you think about it?
@mcjeannie (704)
• Philippines
15 Jan 08
A book for financial management.That sounds good and applicable for me these days.My hubby and I never budget our finances when I was still with him working overseas.Now that he's the sole provider, the need to start budgeting is one in my list as a goal for this year.But I can only start my budgetting until our new home is fully furnished.I hope I can finalize things this February, and to be able to work out to the road for a better financial freedom. Thanks for sharing the book, I'll check it out in the bookstore this days.
@mistissa (1348)
• Netherlands
22 Aug 07
I am the one who manages all the financial stuff around here. If I would leave it up to hubby I am sure it would not be done write. I have studied to be an accountant, so therefor I am better with money
• United States
28 May 07
Both of us take care of the budgeting. And, we're both good about saving money. But, our budget is more of an informal process, and not something actually committed to paper. We only buy what we actually need, and save the rest. Then when some spectacular deal comes along, we can afford it.
@archer1811 (1099)
• Philippines
24 May 07
We are both encharge for budget... though i am the one incharge for the money, actually we dont really have our daily budget, whatever comes and cross into our minds we buy it even if it is not in our budget.. how i wish we find that book to enhance our knowledge when it comes to budgeting..anyway thanks for sharing..
@wdiong (1817)
• Singapore
24 May 07
I am the one who fixes a budget and keep track of our spending. I cannot afford not to do that as my hubby does not have a good money concept and with two kids, we'll not have any savings if I do not make it a point to make sure that we spend within our budget.
• Philippines
19 May 07
i budget our families financing, my wife is not an organized person so i took the move i told her i will finance everything. now that money is so hard on us. i trust my wife so much and it doesn't mean that i don't trust her in handling money. I am just the organized type of person who can handle this kind of stuff and she know it.
@syain1972 (1011)
• Singapore
19 May 07
Wow, I definitely look up for this book on my next trip to the book store... I am a shopper too... I need to change my habits before I go beserk.. Thanks for the recommendation!! :
@vaishalik (237)
• India
19 May 07
We both do our budgets. We both plan all first. For any new addition in our budget we have discussion, & good solution for that. But I think making good budget is a challenging job. I will like to read the book you have reffered to. Thanks.
@dcroome2005 (1211)
• United States
19 May 07
Budget?? Hmmm I would have to say neither of us. He pays the bills, he is the bread winner, but both of us are bad at budgeting and it's the main reason of why we are always short every month. That sounds like a good book that I need to get and him and I can both read. The is someone on the television that goes to people's houses and fixes finances. Some kind of reality show. I forgot what it's called and who it is, but he is really good. Do you know who I am talking about? I will try to find out who he is. He may even have a website with helpful tips and I know I need those as well. Good luck with budgeting!!!
@golfproo (1841)
• Canada
19 May 07
For the past 13 years my wife has done all the budgeting. I trusted her to do it. However, to let somebody do that, without knowing a lot about it yourself is a huge mistake as I have found out. She has basically put me in the poorhouse and now she is leaving me to boot. I guess in hindsight, I have a responsibility as well. I should have become more involved in it and not turned a blind eye. Live and learn. cheers
• United States
18 May 07
I am the financial person in our family. If my husband had control of our monwy we would be swimming in video games and golf supplys with no food in the cupboards and the bills not payed. I told he we were having issues getting enough cash saved up for our vacation which is comming up fast and so he went golfing after work today. After 8 years you would think we have figured out how to deal with these things. Looks like another week of top ramen surprise for dinner for us.
• United States
18 May 07
Definitely my husband - he has the math mind. His dad taught him very well how to manage finances so I leave that up to him. He does make me a part of every financial decision no matter what it is, though. I've heard couples say one or the other is in charge of the finances and gives the spouse an "allowance". I don't think that is right.