Who takes care of the bill payment center at your house? Does it matter who the financial guru is at home? With Internet security’s continued development and improvement, paying household bills is much easier than it was a few years ago. With services such as online auto or automatic bill payment, electronic bill payment, and online payment reminders. Paying a bill online is a breeze.
The question remains: Who takes care of the household finances, the husband or the wife? The obvious answer to the question is whoever is more organized and better with money, but it goes beyond this simple answer. The household finances should be a shared responsibility between both husband and wife. It’s ok to have one person, usually the more organized person, take care of paying bills and budgeting, but both should be involved with the overall process.
Since 50% of all marriages end in divorce and the number one cause of divorce is money, this should be an important job in the family. If the husband takes care of most of the finances, the wife should always be well informed of how much money they have to spend on the family’s debt. A husband can’t expect a wife to control her spending if she doesn’t know they are broke. The same goes for the wife; if she takes care of most of the finances, she should often update the husband on the current financial situation. Men tend to enjoy “toys,” which usually carry a hefty price tag; they need to know if you can’t afford to purchase big-ticket items.
Taking care of household bills and personal finances is a significant burden and responsibility. The couple should share the workload. Keep each other well informed of your current financial situation, and always talk before making any significant purchases. Maybe you can be one of the 50% that stays together!