In a household consisting of wife and children is a financial unit of the smallest. Financial management system is basically the same (having the same object). Early marriage, frequent difficulties manage household finances, resulting in a deficit cash flow occurs at the end of the month, due to financial management have not arranged properly, and there is no comprehensive planning.
When the first month there may be little difference in how you and your wife in managing finances, this is normal, because of the background surrounding environment previously. Husbands and wives must learn to open to each other about their finances. Failures in talking about money in the family potentially cause problems.
In managing the family finances needed management scheme, where each has rights and obligations, with the division of responsibilities and in-depth discussion can alleviate problems that may arise in the future.
Here are three types of management where you can choose according to your wishes with your partner. Of course there are many more existing management patterns. The most important thing here is the mutual openness and family life with a shared responsibility.
Combined income of husband and wife live together. After that, a combination of both direct revenue is allocated to routine expenditure items which have been calculated first. Typically, each heading is represented by a single envelope. Expenditure items that, in some families, not just eating and drinking and household needs and electricity alone, but also includes pay for a home mortgage, car payments, electricity, telephone, child’s school fees, insurance and vehicle needs (petrol, regular service, damage , etc.).
Even savings, personal expenses and vacation father-mother became a separate envelope. If there is remaining, put into savings husband or wife, or more specifically open a joint account at the bank for savings.
This form of management is to divide the responsibility in the form of the number or percentage of whole family needs each month is calculated including the postal savings and postal emergency. Each agreed to contribute a certain amount to cover those needs. The remainder is used as a personal savings to personal needs. For example, the wife to buy perfume, lipstick or dresses.
It could also not counting the family’s needs first, husband and wife contribute the same based on the percentage.
By dividing responsibilities, for example, a husband to pay for a pretty heavy affairs, such as paying mortgage, car payments, electricity, telephone, school fees of children, needs a car, and insurance. While the wife is a monthly logistics expenditure.
Judging from the amount, husbands bear more funding. But she also had a role in the contribution of household funds. If it turns out the wife who has a larger income, this should also be done vice versa.
Which is best? It is highly influenced by the habits and of course an agreement between husband and wife. Discuss this with each partner, for the financial problems the family is no longer a problem in the family.
How to above, is a way if the wife also works, but if the wife does not work
If this is a pattern in your family’s finances would be very good if you and your spouse discuss the duties and responsibilities of each. Maybe you as a husband because of work that tries to meet all the needs of families. While the wives who stay home are responsible for the household, ranging from the question of expenditure to the allocation of regular monthly savings for a variety of family-owned financial goals. In this case the wife should be such a good manager.