Do you think that housewives still need to secure their own future?

Philippines
August 21, 2012 1:45am CST
I've been recently bothered by the thought of securing my own future. And, I'm referring to financial security. Right now, I have no issues with finances, since my husband can provide for the family and my personal needs. However, I'm also considering the possibility that this set up may not be there forever. What will happen to me, if anything bad happens to my husband (God forbid), or something ill happens to our marriage (God forbid x2). After what happened to my parents' marriage of more than 20 years, they separated. And, my mother has long left her career life, and with her age, its not easy for her to find a job. Although, my father left us with some money from his retirement benefit, it won't be enough to sustain her needs for a lifetime. So, that got me thinking, about considering securing my future for my own good. I think I should have my own savings, that I can use for any purpose in the future. If our marriage would last, then, I'd be very grateful for a blessed fate. Then, maybe we'll just use my savings for an ultimate vacation. But, if the odds are against us, then I have my own money to support me until I die. I hope my husband will not take it negatively, when I discuss this with him. It's just about practicality, right?!
4 people like this
19 responses
@shylade (3137)
• Philippines
22 Aug 12
I think your husband won't take it negatively as long as you explain it well to him. Anyway, it is not necessarily having money in the bank. You can make investment or start your own business at home. You can have your own online shop like mine. I am a working mom but I always wanted to stay at home. Right now, I am still exploring things to on how to earn from home. So one is my having your own business and I do crafts for sale. Also, I am into blogging and other online works to earn passive income.
2 people like this
@myfb2009 (8304)
• Malaysia
22 Aug 12
Having own online shop and business is a very interesting idea. you seems able to multi-task and do many jobs at the same time to earn some extra income. Hope to hear more about your successful stories in future.
1 person likes this
@shylade (3137)
• Philippines
23 Aug 12
Yes, I am multitasking. I am working full time, blogging, mylotting and I manage my online shop. That's my everyday work and I am glad I am doing well. But of course when I got home, my priority is my family especially my son.
1 person likes this
• Philippines
27 Aug 12
Wow, shylade, you really have some strong will power right there. I hope I could get at least half of your being aggressive in materializing your plans. I think I just need to get started on one, and then ride with the momentum. Oh, I need a big kick start!
1 person likes this
@adforme (2116)
22 Aug 12
I think practicality is a good reason for your logic. You are married and capable. A housewife works hard to homemake. This is very much respected. If you are an educated wife, you have something to fall back on with your additional skills, if you seek employment. If you want to be more educated, hopefully your husband can help you with that. If something happens to your spouse unexpectedly, and you are not sure what to do, some possible job options are housekeeping, hospitality, waitress and more. Good luck in love and life.
2 people like this
• Philippines
27 Aug 12
I left a job at senior management level, so I'm pretty sure I can find a decent job whenever I want to go back to the corporate world, unless I'm already at my 60's. However, right now, I don't really have the interest to work anymore, because Im enjoying my time here at home. I just want to rest from the corporate stress for some time. I hope to find some enjoyable online job to get my earnings from.
1 person likes this
@adforme (2116)
27 Aug 12
I am glad you are happy. Good luck with your online job search.
1 person likes this
@cutepenguin (6457)
• Canada
22 Aug 12
I think it's important to have your own savings, if only because quite often one partner lives longer than the other, and what if you outlive your money? That would be bad. I have some savings separate from my husband. it's still considered joint money, but some of our retirement savings are in my name and some are in his. If something happens to him, I do get something from his pension and his life insurance. In the event our marriage ended, because of the way that laws are written in our country, we each basically get half of everything. The hard part is that he makes more than I do and it's his job that provides medical benefits. But the plan automatically covers our kids, so it's just me that I'd need to worry about. I think it's practical to discuss this. We've discussed it, even though we don't think we're going to get divorced, but it something both partners need to know.
2 people like this
• Philippines
27 Aug 12
Practicality is indeed the name of the game. Actually, if I have the same arrangement as you do and the kids' needs are all set, and I have a few savings to go - I'd be a really happy camper.
1 person likes this
@ShyBear88 (17420)
• United States
23 Aug 12
I don't think a women has to if she is a housewife/stay at home mom. But I do feel that she should feel that if something does happen to her husband that she can go out and work. I don't think for the rest of my life I'm going to be a stay at home mom. Yes my family can always use a little bit more money to pay or have things but I know it's not need to go back to work or to work. If my husband wants me to go back to work I've always told him to just tell me but we both still think and feel that one of us should be open to our children at all times and where we live we really can't afford the both of us working. Child care is to expensive and especially with even asking for someone to wake our children even for 4 hours while I work part time. When both are in school full time I'll go back to work part time.
1 person likes this
• Philippines
27 Aug 12
That's also what I have in mind. I'd have to wait for about 8 to 10 years before I both of them will be busy in school.
1 person likes this
@ShyBear88 (17420)
• United States
29 Aug 12
I have at least 5 years which is one good thing of have kids only 18 months a part.
1 person likes this
• Philippines
30 Aug 12
That's a good point for you. It may just be chaotic and really physically demanding for you on their first few years, but seeing them grow together and be each other's best friend is a priceless sight.
1 person likes this
• India
21 Aug 12
Hi friend, you are right, we must plan about our future and save some money for it, there is nothing wrong in your decision, hope your hubby will accept it, if you save some money in the present, surely it will help you a lot in the future and give more security to you
1 person likes this
• United States
25 Aug 12
I think a woman should always keep her options open. One never knows when something might come up. I ended up in a divorce and had to raise 3 children on my own. It was scary, but I had to do what I had to do to make a living for my family. You have a husband that has an income and that is great, but it never hurts to have an extra income coming in, so as I said before have your options open.
• Philippines
27 Aug 12
Hi Vidhyaprakash, I'm just concerned that he might think I don't trust him enough. But, perhaps, if I just explain to him well, he would understand. Anyway, if the family would need some extra amount for an emergency or something, we could always make good use of my personal savings.
• Philippines
27 Aug 12
Hey jodee, I'm sorry to hear about the divorce. Didn't your ex-husband co-support the financial needs of your kids? I don't know if I have the strength to survive trials like that. I'm not a strong person who can endure fighting for my rights, and all those legal issues. It could be really draining and traumatic for the kids and myself. I always pray it would not happen to our family, though. I've invested a lot on this marriage and family, and all I hope that this family stays in tact for the rest of my life.
@ARIES1973 (9531)
• Legaspi, Philippines
21 Aug 12
It's better to be ready for everything that might happen in the future. We both have our own job and we had this decision from the start. We know how hard it is to have a family. Personally, if I could only choose, I want to stay at home and take care of my children, but we can not survive if I have to do that. The prices of commodities are getting higher and higher everyday and I know my husband's salary won't be enough to sustain our daily expenses. We are helping each other in order to give the best for our family.
• Philippines
21 Aug 12
Do you keep your own savings, then? I understand you may have a bank account for your payroll, but do you make sure you keep some amount for your personal savings?
2 people like this
@ARIES1973 (9531)
• Legaspi, Philippines
21 Aug 12
Yes, I have my own savings. I had opened an account for each and everyone in the family. My husband and I and my two children.
1 person likes this
@dainy1313 (2354)
• Leon, Mexico
22 Aug 12
I envy you. I cannot save. I´ve earned before children were born. And they have College savings but they will have them until they have 18 years old. That was the saving´s goal and contract. The college. Since then I spend every saving I´ve done the months before. I fear for my future of course, but I feel comfortable taking care of my finances, and family finaces. So I know we can access for a loan if we need it, of course if we have healthy finances.
1 person likes this
@Dominique25 (9476)
• United States
2 Jan 13
I agree with what you are saying. I think that it is easier when a husband can support the family needs. But like you mentioned a wife should think about her future. Unless she just really wants to be a stay at home mom who takes care of the family. I thought have been thinking about this thing more so. My husband works full time but it is still hard for us financially. We also are having our share of marriage problems so I think it would be a good idea for me to have financial security on my own. Yeah I view it the same way. When I get a good savings going if we stay together then we can use it for a vacation. If we don't then I have the money to help support myself.
1 person likes this
• Philippines
3 Jan 13
Good to hear we're on the same page, as wives. Having our own savings, (even secretly) brings nothing but positive things for us. So, if we can start up and maintain a savings account or investment, then it's best to make it happen.
1 person likes this
• United States
3 Jan 13
I agree with you completely. I'm trying to become more disciplined in my efforts to save more instead of spending. I'm getting better about it especially since my viewpoint on saving has drastically changed for the better. Do you work full or part time? I only work part time but I'm hoping that every little I save will add up for me.
1 person likes this
• Philippines
4 Jan 13
I'm just at home, and the most I'm getting extra bits from us is myLot. I'm still looking for an online job that will suit my schedule and skills. I used to work full time in as a manager but left it for the kids.
@myfb2009 (8304)
• Malaysia
22 Aug 12
Jurea, i think it is no harm for a housewife to think on how to secure their own future. Same like you, at this moment only my hubby is working full-time. I am depending on his money for all our daily needs. It had been many years i had stopped from my full-time job due to health problem. But, i plan to go for some part-time job, if my health is improve so able to save more for future needs. Because like what you had mentioned earlier, we should have a stable income for a secure future.
1 person likes this
• Philippines
27 Aug 12
You must take care of your health. If I had any illness that would deprive me from working full or part time, I would prefer to stay at home and get enough rest I need, as I take care of the family. That, if my husband can provide well for the family, though. But, if it is really needed for me to contribute financially, I would probably have to force myself to find a job.
1 person likes this
@myfb2009 (8304)
• Malaysia
6 Sep 12
Yes, taking good care of ones health is a must. Only with good health then we are able to do our daily commitment with ease. i am happy that nowadays my health had improved quite a lot since i pay more attention to my food intake. hope you do take good care of your health as well.
1 person likes this
• Philippines
10 Sep 12
That's great news. Keep at it!
1 person likes this
• Philippines
21 Aug 12
You're right. We have to secure our future. It's really a must. We don't know what will happen in the future so we have to be ready. Money is reallly difficult to earn and we can't get jobs easily. Goodluck. I hope he will understand you. Happy myLotting.
@dainy1313 (2354)
• Leon, Mexico
22 Aug 12
Yes I think we have to secure our future. My parents got divorced too, after 29 years. I´m planning to open a candy store, I have already a functional leader jacket eshop, but I´d love to try with candies, i´ve already my suppliers. I fear for my future, so I prefer to work because I just cannot sit and cry. I have done too mucho housework for a decade, after all that work I stopped at a hospital bed. I can´t work so hard as the house needs to, so I have to look for another kind of job, that allows me to be near my children and family, and a business is a good chance. Don´t you think so? Blessings!
1 person likes this
• Philippines
27 Aug 12
Hey dainy, do you mean, you got sick due to being a full time wife and mom for a long time? That's concerning. I hope you take care of yourself, too. As for me, I make sure I have my vitamins and enough rest as much as I can. I realized that if I get sick, things will just get worse for the whole family. It's hard to not have a functional mother and wife in the house.
@Bhebelen14 (5204)
• Philippines
21 Aug 12
I agree with you. I am married for almost 7 years now but my husband and I had a a separate personal savings, life insurance and health care insurance because we really do not know what might happen in the future. Securing our future is a very practical idea especially for those wife depending to his husband income. Now I am depending only from my husband income but he assured me that he going to pay all my bills in insurance company and give some extra money for my own savings.
1 person likes this
• Philippines
21 Aug 12
1 person likes this
@bellis716 (4806)
• United States
23 Aug 12
Thinking about my own future is the reason that I left my part time job that allowed me a lot of free time and got a full time job. From the very first, I began putting away a percentage of my pay. At the time, my employer matched what I saved, up to a set percent. When I retired, I had a nice little nest egg. It turned out that my husband liked the idea of me bringing in more money. We are still together and have not had to touch "my" money. Good luck with talking to your husband about you having your own money.
1 person likes this
• Philippines
27 Aug 12
It really makes us feel better of ourselves, when we know we can be independent anytime.
1 person likes this
@alottodo (3061)
• Australia
22 Aug 12
I guess is a good and practical thing to prepare for our future...even if the marriage is a happy one...we never know what will happen tomorrow! here where I live our employers pay an x amount towards our super fund..it's actually an obligation to do so by the government...so when we retire we have money of our own. But then if you don't work you totally depend on your husband's income! I think is good of you to think about your future and save[ just in case] and if your marriage is a long and happy one then you can both take that vacation together...I hope that will be the case.
• Philippines
27 Aug 12
That's a very good retirement plan that your company has set up for you. Here, there are only a few big companies who have good pension plans for their employees. But, there is a semi-private establishment that serves as the pension keeper for private employees.
1 person likes this
@Iriene88 (5352)
• Malaysia
22 Aug 12
No one knows what holds the future. I personally think you should have your own savings too. There is no harm of having more money as you says, both of you can use it as an ultimate holiday fund. So, start having your own saving account for practicality, flexibility and security.
1 person likes this
• Philippines
27 Aug 12
I've started an account with the money I got for my last pay, and I hope to continued depositing more to it, in the coming days. I hope no emergency would come too soon, where I need to use it up.
1 person likes this
• United States
21 Aug 12
It makes sense for a woman to look out for her own future. You should have a good life insurance policy for your husband, just in case something should happen to him and you be left widowed. Having a savings account in your own name is a good measure, too, but that is only a protection to the degree that there is money stashed away in it. You may also want to create a modest stock portfolio for yourself to go along with it. Your husband should understand your concerns, especially in light of your mother's situation. Stuff happens, and the wise woman takes measures to help safeguard her future.
1 person likes this
• Philippines
27 Aug 12
My husband got an insurance, which works more like a time deposit. He's on his first year now, paying his monthly premiums. He wants us to still have a comfortable life in case anything happens to him. I do hope nothing bad happens, at all, till we grow old, because I'd rather struggle in life with him beside me.
@thanks1961 (7049)
• India
21 Aug 12
A meaningful topic. These days, such a situation is need to debated and we have a better understanding on these issus. Basically, in general, with a good/nice family atmosphere, a wife need not worry much of it. However, we all have one-off incidents which may turn around and anything unexpected can be happen. Normally, when it comes to law, the chances of heriditary transfer of property will come to the wife, if there is a will and it automatically hand over to the legal heires. And where, there is no mutual understanding, no wills, and/or if there is a dispute, and morethan one people are in demand fro the property or wealth, the wife and children may be in trouble. However, as per your discussion, it is always advisable to have an emergency precaution for everyone. Wives are secured and they are always considered with priority. But all people are not alike and anything can happen at any time with various reasons. In contrast to such situtions, wives can keep a reserve of atleast 20-25% in whaterever they have and such reserve in wealth, money, or any kind of asset will be helpful at any such situation arises. But, if it is applicable to my case, at present my wif's position is totally '0', as she don't have any such thing indipendently or individually with her, if anything happens to me, or if I do anything to her. But, when it come to the asset that I owned, I have made the wills in such a way that a 100% right on her as my children are still young. Any way, it is good and worth for all wifes have their onw possesion of few things which can be used on emergencies and other situations. Again, if the husband also comes across an emergency, the wife's share also would be a 'jewel' for his need, as it will strengthen the relationship within the home.
1 person likes this
• Philippines
21 Aug 12
I hope he'd support me, positively on this idea. I trust that he would remain to be a loving and faithful husband for a long time. But, it would also be healthy for me to protect my interests for whatever purpose it will serve me in the future. Nowadays, anything can happen, so it's best if we get ourselves prepared all the time.
1 person likes this
@hsofyan (3448)
• Jakarta, Indonesia
21 Aug 12
I think you should be saving from now (hopefully you have started earlier).
• Philippines
21 Aug 12
I have started a little savings, which is a portion from my last pay. And, I still have maternity benefit coming up. I've asked my husband to help me continue my Social Security contributions, too.
1 person likes this
@fantabulus (4005)
• India
22 Aug 12
You are absolutely right future thinking is necessary and for this saving is necessary because no one knows what will happen in future. Now I have money but in future if I unable to earn the money then problem may arise. Not only housewives but working also need saving for future. May be future bright than present or may be worse.
1 person likes this
@valiusha (19)
• Bulgaria
21 Aug 12
I`ve always worked.After I finished school I started looking for a job. First I worked as an accountant, then as a teacher of economics I am a technical secretary in a company producing mashines for recycling of household waste. I am currently at home because his douhter grow up to 2 years.I think it should work. In Bulgaria the low-income a I works if only one will be able to cover yuor expenses for the month, not to mention you will not get food and clothing. This is the standart of living. Worse is that unemployment is high.
1 person likes this
@Raine38 (9117)
• United States
21 Aug 12
We're in the same situation and like you, I have also considered what I should do to empower myself and have something to go by with should the inevitable happened between me and my husband. He's okay with the fact that out of the household allowance he gives me, I put some of it into my own savings account, the one that's just under my name and only I have access to it. It may not be permanent solution should we separate, I still have to have something with permanency other than a considerable bank account, but at least it would be enough for me to have something to live by while I sort out what I should do next.
• Philippines
27 Aug 12
I think that's just right for you to keep some money for your own savings. HOusewives give free service, that can never be matched by 10 housemaids. And, I'm sure, in case you need to use the money for a family emergency, you wouldn't hesitate to break the piggy bank. Right now, our budgeting is a bit tough, after I left work. We have enough to live thru the next payday, with all the bills we need to pay for utility, insurance, house mortgage, car installment, credit card bills, and other expenses. Perhaps, when we start getting rid of some of these bills, I could have a similar arrangement so i can continue to deposit some amount to my bank account.