The purpose of this post is to question our household economic systems within which resources are said to be shared equitably. When I say resources, here I purely means Money Management. For better understanding we will focus on Couple-households and the implications for individuals, (especially on women) of different types of financial management.
I have heard most of the mommies with girl children, giving them advice for getting a job and being able to finance for themselves, be independent..etc..Yes, it’s totally virtuous. However, is that alone ensuring their financial independence after married life?? When we speak about equality, how many women in a family institution could spend at least their own earnings in an satisfactory way??
As we all know unending arguments triggers while agreeing or not agreeing to financial decisions. It can be expenses on kids toys and accessories, expenditure on extended family or friends, food and fashion so on…!! So, it’s mandatory to figure out a reasonable kind of financial management among couples which ensures equality without fail.
As we discussed earlier, let’s have a sneak-peek of various financial management systems exist and its credibility in ensuring equality..!!
1.Female as the treasurer: I have observed this kind of finance management in families that followed matriarchal system, where everyone in the family including husband, hands over their earnings to eldest female of the family. And you know, even though women had the power to control the finance she never took advantage of it. In most of the cases Men took the final decisions and she just remained as the treasurer. Such systems is hard to find in this modern era.
2.Household quota: This kind of money management systems are habitual among the couples where women don’t work. And partner will be allocating certain amount of money for taking care of household. Again here also men will decide on larger expenditures and she may or maynot get enough for her personnel needs. This kind of systems getting less popular these days where both of the partners are breadwinners.
3.Men the BOSS: Here, as the heading suggests Men is the one who earns and act as the financier of the family regardless of women works or not. This kind of system is good if he ensures that money is equally distributed among the couples for the personnel needs. However, the social norms and the existing gender stereotypic rules stops him from doing it. For example, if HE spends 5X for supporting his parents, he can only think about 1X or even less for supporting HER parents..!! hmm..looks like we should discuss it in detail on another post..!!
4.Joint finance management: This kind of system is familiar for most of us where both the partners incomes goes in to a joint account, and both are having access for it however, the last word will be from person with higher salary and in most cases it will be of men..!!
5.Independent financing: This is quite often observed in families with high source of income where both the couples enjoy the freedom of expenditure. And the problems arises only when this high source get diminished because of the unwise and uncontrolled expenses ..!! And there an increasing trend among independent financing women, that HIS money is for supporting the Family and My Money is for myself..!! Well, that is selfishness..!! I don’t agree to that as well…!!!
So what we infer from here is that, expect in the high class families, regardless of women earns or not, she is always having a secondary place in enjoying the fruit of her hardships..!! I feel that, by the upgradation of currency to credit cards and debit cards, this inequality is arrested by smart women out there..!! Thanks to Online banking..!!
When a woman takes up a part time job or less paid job it doesn’t means that she isn’t capable of doing larger business..!! When a women decide not to work, it doesn’t means that she is lazy, it’s for raising her kids and taking care of the household..And when she is give up her dreams or taking a break from chasing her dreams, it’s not because of thinking that it’s her duty ..but out of her love and trust…!! So, to all Men out there it’s your responsibility to keep up that trust…
So, what’s your system of financial management..?? Are you ensuring the equality on personal expenditure in your family?? Or are you satisfied with your partners financial management?? comment your thoughts in the Comment box below..and if you like it don’t forget to <<<follow >share>reblog >like>>>
Have a wonderful week ahead..💙Anu