Should my spouse contribute to my budget

[Paul Abel]

As a married individual, your spouse has a lot of roles to play in your life and your finances and budget is not an exception. I know of couples who do not merge their finances and every person spends his money independent of the influence of the other. This may not be a very good way to manage funds as a couple.

There were times when such couples will go out to make purchase without the knowledge of the other and they will buy items in excess since every one plans what to buy and how to spend independently. This is a poor home finance management initiative and this is the reason why your spouse should be included in your process of budgeting.

While making a budget, the two should sit together and make a combined budget of your individual and family needs. This will help you find better ways to save funds on some things that are irrelevant and also to avoid buying in excess of your requirements.

There are some conditions that warrant you budget independent of the influence or knowledge of your spouse and this is understandable like when your spouse is a poor money manager.

What is your take on this and do you make budgets with your spouse.

 

[Knowlopedia]

Your spouse may be in for a big surprise if he or she decides to contribute to your household budget. Not only could it completely change the dynamic of your relationship, but you could end up actually spending more money than before. The long-term effects of this decision remain unknown so it's always best to try and keep things as normal as possible by paying for your own expenses in the traditional way: by working for them.

Unfortunately, many women still feel obliged to contribute to their spouse's household budget. This may be a result of the antiquated notion that husbands are supposed to provide and wives should be supported by them. In some cases, it's because women fear that they won't be able to support their family unless they contribute financially. Or, as an added incentive, many women also want their spouse to contribute for the sake of appearances. The consequences of taking this route are potentially disastrous for a marriage.

Some couples become legal guardians when one person passes away or is incapacitated due to an accident or illness and the other person keeps working for income until the other can become self-sufficient again.

 

[Augusta]

Definitely when two persons are involved as a couple they should be able to do anything right for the good of the family and each other so there's nothing wrong with a couple contributing to a budget as it always stated two good heads are better than one so it will help them to have a better budget as they can sit down and create a better budget with their ideas.

So bottom line is that is a spouse or a couple can contribute to the budget of the home it will even help them to plan towards their financial well-being together.