For couples, how do you sahre financial reponsibilities?

Philippines
June 24, 2010 2:12am CST
For married couples or those with partners living together, how do you share financial responsibilities? During the times of my parents, they say that the man is the breadwinner and the woman is the one who stays at home to take care of the house and the children. She is the one who does the budgeting and manages the household while the husband is out working to earn and then give the money to the wife.During those times, they say that the husband should be capable enough to support a family in all their needs. Nowadays, its different, both husband and wife work for a living, they both support their family, but how do they assign their expenses among them? I have a friend who give all her salary to her husband and let the husband do the budgetting. Her husband give her a monthly allowance for transportation and personal needs. I have another friend who is very lucky that she does not spend a centavo of her salary, instead all expenses is shouldered by her husband. She only contributes whenever she likes to. Most of the time financial situations triggers conflict between the husband and the wife. Broken homes are sometimes caused by financial problems. How about you married couples out there, how do you share or assign household and other expenses between you and your partner? Do you think this should be discussed and settled first before getting married?
1 person likes this
4 responses
@doryvien (2284)
• United States
30 Jun 10
Hi Jazz, Since my husband earns more than I do, he gets to shoulder more of the monthly expenses like the house, gasoline, kids tuition fees and other school expenses, along with other major expenses. I take care of the monthly bills like phone bills, electricity, water, the groceries, and other "miscellaneous". We do discuss how much money we have individually and collectively, but outside of this we kind of agreed that we are free to spend on something personal for as long it's reasonable and won't hurt the family's overall expenses. I have not encountered any problem with this arrangement so far, so I guess it works well for us.
• Philippines
2 Jul 10
Hello! i can see that every couple has their own style of handling finances, and for as long as it is agreed upon by both and they are comfortable with it there would not be any problem isn't it? God Bless!
@p3ks626 (6538)
• Philippines
25 Jun 10
They always said that finances are the most common things that couples argue about. I have been 15 months married and so far, my husband and I never had an argument about that. Well, maybe not yet. But I believe that it is important that your prtner knows about how you budget the money. Its good to buy stuff together so that both of you are aware of the prices and will be able to know your priorities. Children should also be involved in budgeting. I dont have kids yet but when the time comes that I will have, I am going to involve them in budgeting.
• Philippines
28 Jun 10
That's nice, the younger the children learn the better. Good luck!
@nitu1952 (286)
• India
25 Jun 10
i think i married life financial responsibilities goes to the women side. during the times of my parents they say that men is the breadwinner and woman is the one who stays at home to take care of the house and the children. she is the one who does the budgeting and manages the household.
• Philippines
25 Jun 10
Well, we have different styles in handling financial matters, anyway thank you.
• Boston, Massachusetts
24 Jun 10
Hi Tripplejazzm, Me and my husband are both working. Inasmuch as we want that I just stay home and be a hands on mom...the situation call for both of us to work. We do our best in managing our earnings wisely. Upon receiving our salary we take out some for our savings and spend the rest for our bills, daily expenses and groceries. So, WE never have any problem as it relates to managing our finances. We shared a lot in responding to our financial needs and innovative enough to find ways for extra income. I am happy to see you again friend! Have a great and "restful" weekend!
• Philippines
25 Jun 10
Hi friend, nice scheme, keep it up and God Bless!