5 Reasons You Should not Depend on Your Husband for Money Management
A lot of you might have chosen to stay at home and let the husband bring in the money. Not only does he make the money but he will also end up managing it leaving you clueless about how much money he is making and how much is being saved or spent on what. Even if you are working, you may give him everything and let him manage stuff for you, because you are too lazy to do your taxes or invest your money. This may be a sign of trust or love, but it is actually not a very practically sound thing to do. Even if it is your husband, you need to know how the money is managed- both his money and your money and here are some very compelling reasons for it.
1. You will be clueless if he dies suddenly
It does not need to happen, but imagine he dies suddenly; you will be left all on your own with no idea as to where he got his money from, where he saved it, who he had lent it to or where he had invested in. You may even find yourself struggling to pay for his funeral if he had not managed it well and left you with nothing.
2. You will get a raw deal in case you get a divorce
Not a very pretty thought if you think your love is strong and that you will stay together forever. If you were clueless about how the money or finances of the household was managed, you could be in for a raw deal when you are getting divorced. Either that or some very expensive lawyers or an acrimonious split to get what you deserve out of the split.
3. It makes you dependent for everything else
When you are dependent on your husband financially, the relationship is never a balanced one. You also inadvertently depend on him for a lot of other things. The decision making power also goes to him and you will find yourself constantly having to ask him for money. It is ok as long as you both are comfortable but may create problems when he does not have enough or when you want money for something that you cannot explain him to.
