|Who Handles the Budget in Your House?|
Photo by Tax Credits: CC by 2.0 via Flickr
Which person in the household handles the budget? Is it the husband or the housewife? In my opinion, the housewife is the best person to do this, and this is the standard for many, but not all couples. So, why the housewife? Simply put, she is home and can manage the math for the bills, investments, insurance, grocery money, spending money, etc., more easily than her husband that is working 40 hours per week.
In addition, the housewife handling the bills puts the power of the finances in her hands so that while she is home, she has understood access to all funds, has an established budget, and can keep her husband's mind at ease that someone is actively keeping an eye on the finances.
Wives usually end up being the de-facto paperwork managers in the household, so the financial management would naturally fall into this.
Who handles the finances in your house?