Long gone are the days of one person being in charge of the family budget. Wait, my wife handles the family finances. I don’t have a say in it.
If that’s the case then your man card has been revoked, due to your lack of concern for your family. If you have any care in the world for your family then you need to be invovled the financial affairs of your household. To do otherwise is negligent.
Many a year ago, my wife took over the family budget. She didn’t like not knowing on a daily basis where we stood financially. I would do my best to keep her informed, but she felt like she was not in control. I offered her the responsibility and she took it and has been doing it ever since, until recently.
In March 2012 we revamped how we did our budget. We felt like our finances we slipping and wanted to have a better idea of how we were doing. I looked into several didn’t programs that worked for us and settled on one called You Need a Budget (YNAB). You can check them out as www.youneeda budget.com. Just so there is no confusion, this is an unsolicited plug for their software. Unlike other programs out there, this one does not have to be updated just because a new version is available. Go to the website if you want to learn more. They also have a podcast.
My wife set up the program and managed it for 3 months and decided that she was tired of doing it so I took over this month. I learned it with her in the beginning, but never really worked with it as she did. I quickly learned that this was basically the computer version of the budget I had when my wife took over. I loved it. So easy to manipulate and adjust as your situation changes.
Budget Rules to Live By: (at least they are for my family)
- Both parties have equal veto power and that power must be respected.
- Whoever is running the budget has the responsibility to keep the other informed.
- My money is your money and your money is my money.
- You need some mad cash to keep the sanity.
- Be frugal, not cheap.
So, a simple analogy for the family budget is that even if you are driving the car your significant other should be in the passenger seat.