Should husband lets the wife manage his salary?  |
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I'm single bread winner, to make my wife feel secure financially (used to work before), I bank in my salary to her account. Every month she will give me some money for my personal needs and to pay utilities,phone,cable tv, cards bills, children school fees. But the problem if she is not in good mood, she will delay the transferring money to me or reduced the amount and caused delay in bills payment and I got stuck with late charges and piled up bills carry forward to next month.
Looking forward your experience from both side Man & Woman. Thanks.
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1. kling2388 (1513) | 7 months ago | that's really a problem between couples. esp when it comes to financial matters. i suggest u talk to ur wife about it. heart to heart. let her know that it is for your family's own good, and that if she is not going to give the exact amount needed for the bills and etc, then u will have a hard time paying it and that ur bills will be piled up.
since u are the one who's working for the money, i bet u have the right.
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| paying (71) | 7 months ago | You are still a young lady but have strong opinion in financial in married coupole. Thanks
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kling2388 (1513) | 7 months ago | hehehe maybe my average of thinking is different and more mature now.;)
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| paying (71) | 7 months ago | you are married, don't you? Thats why the mind more mature.
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2. ckyera (2581) | 7 months ago | aw! you are a good husband i think. its good that you surrender your salary to your wife every payday...but i think delaying the bill payments just because she is not in the mood is something that needs attention...tell her that its a waste of money if she delay the payment with all those late charges... i suggest that, you talk to her and if possible, before you deposit the money in her account, what if you deduct first that amount that's needed to pay the bills? like in my situation, my husband gave me my share in his income and since he has a fixed salary, we make a plan ahead, we have an understanding that he will just give me this specific amount to be used at home and for me...he already deducted his allowance until the next payday...when it comes to bills, well i have the power over it and i save for it...and his role is to add some when i get short in the budget! so, if you are the one who's paying the bills, it would be better if you took it off right away before you give the money to your wife...but talk to her about it before you do it... i hope you will resolve this problem...
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| paying (71) | 7 months ago | Thank for your opinion and sharing experience. I'm not that good husband.If i 'm good, should be able to manage this situation like your hubby. When she stop working, I did not make any plan to let my wife become the custodian of my income amd how to manage it. I just want to make her feel secure to see some money flow to her account without make her aware its not all hers. Since day 1 of married I'm the one who always settle the bills, and her salary was for her. The situation change when she is not working, I thinks she has difficulty to adjust and to see the fact that almost 40% of it will flow back to me.
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ckyera (2581) | 7 months ago | ah okay...i think she will not learn if she will not experience doing the budget at home...i mean i think you should involve her in paying the bills so that she'll understand that its not easy! its true that after stopping going to work its really somehow difficult to adjust when it comes to money matters but again...you can still do something...talk to her nicely and make her understand the situation and maybe you can do some adjustments in budgeting at house... i don't know...i hope that she have a broad and open mind to understand your situation and the difficulty in budgeting and of course of paying bills... :-)
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| paying (71) | 7 months ago | My wife opinion the husband is responsible with house hold expenses,She look after the children. I like shames coment on what his dad did. See whether can train her, may be let her see this mylot.
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ckyera (2581) | 7 months ago | yes i read shames' response and i think his dad is lucky to have a wife like his mom...very ideal. now, i think its a good idea to bring your wife here in mylot and so she might read these posts! hehehe... don't worry everything will be okay with both of you!
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3. srganesh (3595) | 7 months ago | You are an ideal husband and your wife is not an ideal wife.You are too good to surrender all your salary and get what she allots for you.But given this freedom,she should spare everything at the right time.her moods should not spoil things.Learning her nature,it is high time,you have to take back your powers.Just plan the budget and give her money for household duties alone and pay all the bills yourself.have some money for your pocket alone and save some money without her knowledge.That will be good for your future.Cheers!
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| paying (71) | 7 months ago | I expected the guy will give this answer. The word "without her knowledge" is a big problem. I did have some saving with intention one day will give to her as present when reach certain amount. But when she notice I have extra money without her knowledge, she though I'm going to hide some money. Now I can't buy some gift for her and she is not happy:-(
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| paying (71) | 7 months ago | Honesty in relationship is important. But my father told me don't be always too honest to your partner. Yeah, canot give her a nice surprised gift:-(
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ckyera (2581) | 7 months ago | haha...maybe that's what happen to me...my husband gave me all and so he don't give me much surprise gifts! hehehe but its okay with me...i understand.
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| paying (71) | 7 months ago | Ha..ha.. an honest partner, otherwise you will ask "where did you keep this money away from me?"
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4. Shames (1429) | 7 months ago | HHmm I am still a student so still a lot of time to actually come across that situation.By the way my father gives over the salary to my mom.But she actually takes good care of it.And now Dada does not have to worry about groceries or bills when he comes back home tired.Well if I start to earn I would do the same but yes I will keep aside some money for myself so that I wont have to ask her money everyday.Or else even better than that I can create a joint account and we can actually share the money.
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| paying (71) | 7 months ago | This is an ideal case. I told my wife, I want her to be finance minister in the family who manage family account. But she afraid to see the bills, because she never handle this before. Thanks anyway.
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| 5. gigi_sekhar (17) | 7 months ago | As i am still a student and unmarried. but according to me, for a good relationship understanding between the couple is very important, especially about financial matters. so i think u should talk to your wife seriously and it is better toopen a joint account
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| paying (71) | 7 months ago | Hmm interesting. My account is joint account, her account is single. She can see mine but I can't see hers. You are right before start the marriage don't hesitate to discuss or set a rule on financial matter especially if only one person working. thanks.
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6. med889 (2804) | 7 months ago | This is not good because I believe that the one who works hard has a right over his own money and he is the one to be able to better decide what he wants to do, being responsible is very good, paying bills and so on is a proof of that but waiting when will you get money to buy something important with your own money is not so appreciable.
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| paying (71) | 7 months ago | oops, this comment should come from guys, interesting. Hmm, I can learn how the other woman thinking. Thanks med.
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agv0419 (2407) | 7 months ago | It is important to discuss this problem with your wife. It is up to the couple whom of them are going to handle the finances. You are a good husband because you let your wife to handle your salary. I think you should also talk to your wife that you need to pay your bills in time or if she allow you to handle your salary.
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| paying (71) | 7 months ago | Thanks Agv, I won't take it back from her, but try to explain her carefully on the longterm impact. Mylotters give me a lot of feedback.
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| paying (71) | 7 months ago | It is direct transfer from my company to her account. Actually, I prefer her to put aside for house hold expenses first and just give me a bit for my personal expenses the rest for hers.But this is not her type. Thanks.
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| paying (71) | 7 months ago | Wow, he is very lucky to have some one who willing to manage family account. He just work to earn more money for you:-) I've a trust on her, when the things happened I always remind her that I trust her very much to be the custodian of my salary. Thanks.
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9. gcorp09 (548) | 7 months ago | Well, I do think that it's best to talk to her about this issue. I do think that it's good that you bank in your salary to her account to make her feel secure. However, I do think that it's not right for her to transfer the money late to you and cause the family to have additional late payment charges. I mean women may have their mood swings, but you have to make her understand that the importance of paying the bills on time so as not to incur additional charges for the family.
I will say that you may want to work out an agreement with her that when you bank in your salary, it will be after deduction of the bills amount and money for your personal needs. This may be a better solution for all. At least, you will not have to worry about delayed bill payments and late charges.
For my case, both of us are working right now. My husband bank in his salary in his account, but I can access his account anytime. There's a time that he had asked me to manage his account by surrendering his atm card to me, but it didn't work in the end, as he's sometimes asked by his company to buy things first and then claim the money later... I'm fine with the current arrangements for now...
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| paying (71) | 7 months ago | Thanks, your case similar as mine in early days. I thinks once the woman works and earn some income, she shouldn't quit the job. Every woman like to have their own income for their own needs eg: shopping.My wife, she used to work and the income all for her personal needs. Since day 1 of married, my account is joint with hers and all my saving transfered to her personal account. But when she stop working, she lost her personal income and she feel stupid if have to depend on me and asked me. Yes it is joint account but psychology is not hers. When the saving on her account depleted she become worry,in fact when I got a bonus I share part of it with her. She ever told me she want to see regular income bank in to her account and if I care to her there is no reason for me not to bank in my salary to her. I feel pity & sad for her and immediately I asked my company to bank in to her account except my company expenses/ reimbursement bank in to my joint account.
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gcorp09 (548) | 7 months ago | Okay, I understand your situation. Well, it seems that you did not really like her to quit her job. Just curious, is there any reason why she quit her job? From what I see from your description, she seems to mind a lot on this loss of income. Have you ever thought that it may be better for her to resume working, at least some part-time working, so that she will at least get some income to spend for herself? You may want to talk to her about this possibility too...
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| paying (71) | 6 months ago | Classic reason got kids, looking after the kids. But once yoou stop working for years, it is not easy to re-enter the workforce. For woman to giving up the career need mentally to be prepared.
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gcorp09 (548) | 6 months ago | Oh, I guess this is a common reason for woman giving up their career. I do agree that it's really harder for women to re-enter the workforce later after the kids had grown up. I do understand why the employers are unwilling to employ such cases too. They are usually worried about the adaptability of women back to the workforce, especially those who had been out of the workforce for over 5 years. I will say even after 1 year of not working, you will need some time to adapt to the working environment again. I had tried before not working for a year during my 2nd pregnancy, and found the first few weeks of work very tiring, and totally not used to the working lifestyle.
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| paying (71) | 6 months ago | I only can say good luck to you. You are still young and can return to work force pretty much easy. But when you reach 35 above need to be careful and think twice before you giving up your job/career.
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gcorp09 (548) | 6 months ago | Well, I did return to the workforce after my second pregnancy. I'm now currently working full-time in a company for a few years. Well, I do have to say you are right about women who return to the workforce after the age of 35. It's certainly harder to find a job, especially after taking time off for a few years to take care of the kids. I do have to say that it's okay, if the family do not need a second income to support the family, and if the woman do not really intend/expect to find a full time job after the kids have grown up.
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10. bird123 (1208) | 7 months ago | Doesn't sound like good management to me. Do you have 6 month to a year's living expenses saved up in case someone loses their job???? Managing money takes some work. A lot of men let their wives do this for that reason. In a marriage, both should be involved in the management of money.After all, both are responsible for it.
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| paying (71) | 7 months ago | Nope. The man responsible for this. If doesn't works, means he couldn't manage properly. If this is a corporate world, the CEO made a wrong step and miss managed. Now, his duty to fix it may be need to call consultant to advise him. This forum is one of my step to fix it. Thanks for your comment.
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