Who should hold the money in the house

Philippines
July 28, 2012 2:46am CST
In our country it is our culture that the husband should give at least 80 or 70% of his income to his wife and the wife will do all the budgeting. But i heard a lot from my friends, that their husband don't give them money, only if they ask. And it looks like the father has the money than the wife. Who do you think should hold the money and do the budgeting?? i really want to hear your opinions or experience about this...
2 people like this
9 responses
@Raine38 (9193)
• United States
28 Jul 12
I think whoever is better between the husband and the wife in terms of budgeting and handling the money should do it. Not all women are good at it, and vice versa. My friend's husband do not give her money; only when she asked for it. She's here while her husband is in the US. He just send some money every once in a while but not steadily. In my case, I have a household allowance from my husband, as well as some other spending money which I mostly put in our savings. These are for emergencies and I also try to even save from my household allowance.
1 person likes this
• United States
28 Jul 12
We both split everything in both houses. we do everything for each othr and we shop for each others house. like he buys food for my house and I buy food for his. I buy the toiletried for his house and he will do the same for mine. he buys gas for my car and I will buygas for is car If i am driving it.
1 person likes this
• Indonesia
29 Jul 12
After paying the loan, I usually split the money to my wife account. But not every month. Because, when there is some urgent need, the money was spent. My wife account is a kind of future saving. As much as possible to be undisturbed. We both do the budgeting and controlling. And we both has the money to be controlled.
@kalav56 (11502)
• India
29 Jul 12
I have been married for the past thirty four years ; it is a clear unwritten rule in our households that man is the master of the house and this obviously holds veracity for the money coming in.For the first 15 or so years of my life I did not have any proper income of my own; my husband would give me a fixed amount for household expenses and that was it.I had to run the house within that.MY parents are affluent and I used to get gifts from them by way of clothes and I had enough jewelry of my own.I had not many demands except for a few books every month and this was easily provided by my husband where I could borrow them from a lending library.With a contented outlook I have had no trouble with this pattern; we were quite frugal[my husband believed in strict control over his finances and because I am of a slightly traditional outlook and too self-respecting to ask anything extra from him other than whatever he gave, I have had no complaints whatsoever.My husband also respects me for this.But of course, later I started earning and had enough money for my own personal vanities or some extra household expenditure.THis is as far as experience goes. If you consider my viewpoint, I would say that it is better if the man has it in his hand; a woman need not be given all the money .Life is simple if we clearly demarcate areas of responsibility and in my pattern I could adopt whatever budgeting or strategy I had as far as the basic household was concerned[food and electric bills etc]Stipulated limit was there.I did not bother about his extras or savings or his other expenditure.There were no discussions or arguments about money.But I had no desires to be fulfilled from his money.Only when a woman has some desires and she expects them to be fulfilled by her husband, discussions , view points, counter view points,acrimony, build up and unpleasantness creeps in. If we stay with in-laws then the father has the money. Needs of the wife are taken care of by the son [husband]or we take care of ourselves when we have money of our own.I have experienced this also but there were no complaints.Basically, in this modern times these are not problems at all with women also earning or having their own money.
@uautkarsh (414)
• India
29 Jul 12
The responsibility of holding and budgeting of money should not be given on the basis of gender.. It should be given to the person who has more experience and is a better understanding person.. Generally the more experienced person are the senior citizens.. But many times their vision and and other senses get weak.. So one generally should give the budgeting things to the ladies in the family.. Because i think that they can handle the calculations and the planning properly.. :)
@ryanong (9694)
• Vietnam
29 Jul 12
Well, in here wives often keep money also because women can keep money better than men. However some couples, they just give money for common expenses in a house only and they spend money separately. me, i don't know because i am still single..who keeps money is ok for me, as long as both are happy with it.
@Umaiya (43)
• India
29 Jul 12
I think who ever is good at handling money and understands its value should get it...
@cher913 (25890)
• Canada
28 Jul 12
my hubby and i do the bill paying together so we both know how much money we have to spend on stuff like groceries, gas for our van, etc.
@riyauro (6428)
• India
28 Jul 12
It is good that when Husband and wife stay together and work in the same area where they don't have to stay away from each other for months because of work,that the one who is best in doing budgeting take charge of the money. At my home my husband gives all the money to me and he trusts me to do better budgeting. But I have seen through other case, where some men are away from home in other countries to earn and wife in hometown looking after kids and parents, in these cases the husband sends some money to the wife for household use and the welfare of them. I have also seen a couple of cases where the husband sent most of his salary and the wife here is enjoying life with other men and spends all the money. So it differs from house to house who handles the money for the family,this is in my opinion.