What is your financial contribution in your family?

[arunima25]

You might be the sole earner, earning with your partner, main earner or even a stay home person who does not earn but has other roles to play in the household. Whatever role one has in the household, each one contributes to the financial health of a household. What is your contribution?

 

[Sanjeev]

I am the sole earner of my family. My wife looks after the home and kids. She is educated but I didn't let her work because of the kids. We have twin kids which could not be left for someone else to take care of. She was a teacher when unmarried and in an international call center when she got married and before having kids. Then she left the job and we never repented for this decision.

 

[arunima25]

@Sanjeev. It's a wise decision especially when your wife was happy doing it and chose it. It's a personal choice and it becomes a stress if it is forced on someone. In a marriage, both are independent adults ( educated or not so educated), there should be nothing like allowing your partner or letting them to do or not do. It's a mutual decision between two equal adults. Children need parents especially in earlier years and if one can afford to be stay at home parent, one should.
Your wife is not earning but she is definitely contributing a lot to the finance of thr family. You are saving on child care, household helps like cook etc. And most importantly, she is managing the budget. Even if she is not the main financial planner, she is working as a team there to be in line with yours. That's a big contribution.

 

[uptrendfinancialsignal]

I pay bills. I’m not rich, I hustle so hard to support my family. I believe that we need to be responsible , even helping with errands or advice counts, especially when you don't have money to support the family. I remember one time my younger sister needed a laptop for her school project, so I sacrificed my savings to get it. My thing is, family is first always.

 

[arunima25]

@uptrendfinancialsignal . You sound like a perfect family man who puts family first. It's heartening to know how you sacrificed your savings to get the much needed laptop for your sister's education. That's so important to be clear about the financial priorities. We need not be rich. With financial discipline and consistency, we can leave a decent life with modest earnings, taking care of all our financial obligations and giving a decent life to the family that depends on us. You are a valuable contributor there.

 

[Starmix]

I'm the sole earner in my family. We all have work. My sister is a bank teller and my other sister is an accountant. I only contribute payment for electric and Internet bills. For the food we do equal sharing. Sharing is caring.

 

[arunima25]

@Starmix. That sounds awesome. It's evident that you and your siblings are financially independent. And it is so good that you have sorted the financial obligations amongst each other so well. There is no misunderstanding if things are sorted and even the relationship stays healthy. True sharing is caring.

 

[Starmix]

@Starmix. That sounds awesome. It's evident that you and your siblings are financially independent. And it is so good that you have sorted the financial obligations amongst each other so well. There is no misunderstanding if things are sorted and even the relationship stays healthy. True sharing is caring.

There are times, it's my bank teller sister who pays the bills, and it makes me happy. I can add my budget to my savings. It is also not a good picture of a family not sharing the bills and other needs.

 

[arunima25]

@Starmix . I am happy to know that you and your siblings are so considerate about each other and you do your part not only to share the financial burden but also to help others to save. When financial burden is shared among family members, the stress is not build up on a single individual.. and the relationship stays healthy and sustains long without any harsh feelings for each other.

 

[Starmix]

@Starmix . I am happy to know that you and your siblings are so considerate about each other and you do your part not only to share the financial burden but also to help others to save. When financial burden is shared among family members, the stress is not build up on a single individual.. and the relationship stays healthy and sustains long without any harsh feelings for each other.

That is so true. We have to maintain harmony in our family. Helping each other is one key to building a happy and united family. United we stand, divided we fall. It is essential to share expenses for the daily needs and bills.

 

[Kennysplash]

I do not have a family presently, but when I eventually have one then I know that I have to be the provider for the family. It is my responsibility and I will not shy away from it.