Who should be responsible in holding the budget money?

United States
June 18, 2009 10:34pm CST
the husband or the wife? In our situation, me and my husband share the money we earned, we have a cash box so when we need to pay something we put money in the bank. And whoever needs something we just tell each other how much we get from the box. In some cases i met couples who sometimes their husband cannot handle money so the woman has the full control of the money. I think that works if one of you have issues when it comes to money like you gamble and there is tendency that you can put your family at risk through gambling or drugs. How about you , how do you handle the family money? who is in charge? is it degrading to the husband if the wife will have full control of their money? share your opinion mylotters!!
8 responses
@glesil_00 (1142)
• Philippines
20 Jun 09
We awaken in sometimes that in our family the mother manage the finances. Plan and do all paying, expenditure, something like this. In some other couple, they agreed to share each other like this month, husband will pay all the bills, will shoulder all expenses, and next month its wife turn. There are couples that they share all expenses. If both are earning this can be an arrangement. Whoever is available and capable of paying something, spending or saving for family needs is the one responsible for holding the budget.
@glesil_00 (1142)
• Philippines
20 Jun 09
Yes, what works on them, it is not a big deal after all who will manage the financial matters. Important is they agree within the home and money is not an issue.
• United States
20 Jun 09
the key thing here is as long as the couples have mutual agreement on how to handle their finances then that will work. thank you
@phyrre (2317)
• United States
19 Jun 09
In my relationship, I handle the money and the finances. My fiance doesn't even know how much we pay in bills, let alone how much we have in either of our accounts. :) He's not very good with money and he's never had to work on a budget. My family, on the other hand, has always been pretty poor and we live off of a budget. So I handle the money. I also do all the grocery shopping, pay all the bills, and buy all the gifts for holidays and events, but that's how it goes. ^_^ I know where to find the deals. I prefer it this way, though, because then I know exactly what is going to where and such.
@agv0419 (3022)
• Philippines
19 Jun 09
I think it depend on your arrangement if the wife or the husband going to control the budget at home. Here in our house my mother is to one who control our finances. My father is a one day millionaire so she won't let our father to handle the budget at home. My mother handles the budget very well she can still save money for emergency. She is thrifty I think that's why I thrifty also because of her.
• United States
20 Jun 09
handling budget is not easy as it seems , it needs discipline and you need to be wise where and how you spend your money. it doesnt matter who is handling the money as long as the one who is holding is responsible enough.
@reckon21 (3479)
• Philippines
19 Jun 09
In every household it's been the wife who holds the money for budgeting. Husband is already tired from working and he can no longer budget money for the households needs. In some couples I know, the husband has some portion of his salary for personal expenses. I think most husband agree to this set up.
• United States
20 Jun 09
i think that works if the woman is not working like the stay home wife. and just give the husband a budget for his everyday espenses, thank you
@larish (2191)
• Philippines
19 Jun 09
My husband and I have a fair share of the house expenses. We have our own obligations. He pays for the house rent and utilities. I pay for the monthly bills of credit cards.
• United States
20 Jun 09
thats fair enough. how about the unexpected expenses like emergencies?
@cobra1368 (702)
• United States
19 Jun 09
Hubby handles all of our finances. He is much better with money than I am. Not that I am horrible at it. He should have been an accountant. He not only is good at it, he enjoys it too! And I hate worrying about that stuff, so it works out well. He pays the bills and balances the budget, I buy the groceries and household stuff. I just hand him the receipts (he likes to enter in the things I buy into categories on spreadsheets so he knows how much we spend on what). It isn't degrading to me at all. If there is something I want to buy that is going to cost a lot of money, I would need to go to him anyway to discuss it. I leave it up to him to tell me not to spend so much or that we spent too much last month, etc. Then, I just hold down the spending until he says we're doing well again. If I ever want to see anything regarding our finances, he is always happy to show me and explain what I'm looking at (some of those charts and graphs are a little overwhelming!).
• United States
20 Jun 09
thats good, you have a clear communication regarding your finances and it works for both of you and that is what is important for every marriages. As long as it is both agreeable for both of you then that works for me. thank you
• Philippines
19 Jun 09
When me and my husband go shopping and he wants something to buy, i always check the price first to know if it fits our budget. Although for now, he is the only one making money, he always ask me first whether we should buy something or not. I really don't have the full control of our money. It really depends upon him whether he's going to ask me first or what, because I really don't want him to feel being degraded.
• United States
20 Jun 09
thats good to hear that even he is the breadwinner he still ask you if he can buy this or that, which means he respect your ability in handling the budget.thank you
• China
19 Jun 09
Well,as i think everyone can keep the part that his own earn,and you two can share the fee that every money must pay ,that's ok.
• United States
20 Jun 09
thats pragmatic, thank you.
@med889 (5941)
19 Jun 09
I believe that both partners should be able to hold the budget because finally it is the same home that they are wishing to prosper in. So I will prefer both me and my partner to handle that. We have even cash boxes at home and we just fill it whenever we have surplus money with us. I do not mind and neither my partner do mind if we keep a control on the money personally so as far as there is this understanding I think everything will go smoothly.
• United States
20 Jun 09
as long as it was agreeable to both of you then think that is fine, coz you will be both accountable to each other. thank you.