Comments on: Household Finance and Gender Roles: Women Budget, Men Invest?

By: Elle

Elle — Mon, 15 Mar 2010 00:54:08 +0000

It's a bit different for us. Both of us work on the monthly budget and we use Google Docs to keep up with any updates. As far as picking out investments, I handle most of it. We discuss my recommendation and 9 out of 10 times, we go with it.

By: Bytta@151DaysOff

Bytta@151DaysOff — Sun, 14 Mar 2010 12:08:19 +0000

I do most of the budgeting and investing activities. However, I always ask for his opinion and the other half of approval. He's not interested in managing our money. It's true, I just asked him .

To be honest, I think my parents are not a sterling example for budgeting, my dad once purchase an investment property on impuls . However they teach me a lot about investing and money making activities (and how to spend it).

By: Yakezie Carnival #3: Benefits Edition | Sweating The Big Stuff

Yakezie Carnival #3: Benefits Edition | Sweating The Big Stuff — Sun, 14 Mar 2010 11:14:32 +0000

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By: WellHeeled

WellHeeled — Tue, 09 Mar 2010 02:41:02 +0000

That's a GREAT point. At the very least, it's so important for family members to understand where to find information and resources that can help them manage an area of household finances that they don't normally, if the need arises.

By: FinEngr

FinEngr — Tue, 09 Mar 2010 02:37:49 +0000

Personally, it's shifted through generations. My grandfather was the one who ran the investments, but he ended up teaching my mother and her sister. Now both of them run their respective households, and have taught myself and my male cousins along the way. If we end up having daughters, the cycle will likely continue.

Your note about trading household roles should be SUPER bolded. While you are a family unit, each entity should be self-sufficient. Don't necessarily have to be proficient, but enough to feel comfortable should a situation arise and the responsibilities fall in your lap.

By: FinEngr

FinEngr — Tue, 09 Mar 2010 02:34:28 +0000

HA! MR – you've got to put her to work! Capitalize on those skills!

haha too funny…

Investing since 8? I'm intrigued…details?

By: Frugal Babe

Frugal Babe — Tue, 23 Feb 2010 19:18:48 +0000

I've always been the one who handled pretty much everything related to finances for our family – budgeting, bills, investing, savings, etc. I always kept my husband up to date with what I was doing, but he let me do it however I chose. A few months ago, he started to get really interested in investing, and sat down with me to go through everything we had. He's learned a ton lately, and now actually knows more than I do about the nuances of asset allocation, small/mid/large cap, muni-bonds, etc. I love having him so interested in it – I'm more excited about the whole process now that my husband is into it too. We just set up a SEP IRA, and pretty much split the responsibility. I researched options (SEP, SIMPLE, Individual 401k) and he researched how we would allocate the money once we had an account. We put our ideas together and came up with a solution that we're both happy with.

By: 15 Minutes and Personal Finance Bloggers | Budgeting To Wealth

15 Minutes and Personal Finance Bloggers | Budgeting To Wealth — Sun, 21 Feb 2010 16:06:48 +0000

[...] decided to visit some new bloggers and found Wellheeled’s post, Household Finances : Women Budget, Men Invest? to be a terrific read. Growing up, it was my grandfather who took care of his family’s [...]

By: FabulouslyBroke.com

FabulouslyBroke.com — Sun, 21 Feb 2010 15:37:06 +0000

It's mostly because we earn approximately the same amount of money, give or take $50,000 and it all depends on projects, so it's not like he's making all the money and I'm struggling.

In fact, now I'm making the cash but he isn't. It fluctuates.

By: WellHeeled

WellHeeled — Sun, 21 Feb 2010 06:33:02 +0000

I think it's awesome you guys divide everything 50% / 50%. I'd probably do the % of income route, but your way is definitely fair.

By: WellHeeled

WellHeeled — Sun, 21 Feb 2010 06:31:27 +0000

I agree 100% on the need for both parties to understand family's finances. Sorry to hear about your boyfriend's dad, but I'm glad his mom is well-provided for.

By: WellHeeled

WellHeeled — Sun, 21 Feb 2010 06:30:04 +0000

LOL… I'm not sure I'd like to deal with taxes either! Especially if I trade frequently and have to keep track of all the capital gains / losses, etc.

By: Ronnie

Ronnie — Sun, 21 Feb 2010 03:59:41 +0000

My grandfather used to say that whoever was better at it should do it. I'm better at it, so I do it, but my boyfriend has to be involved. Now, that said, I DESPISE paying bills. Hate it with a passion. So he writes the check (rent only) and pays all the bills, and I handle ensuring we have sufficient funds, savings, and investments.

I cannot stress how important it is for both parties to know what's going on with the finances. When my boyfriend's father passed away last year, his mom had no idea what they had or where anything was. Thankfully his dad had taken VERY good care of her, and left her with a multi-million dollar estate, but that she had no idea made a terrible situation that much more stressful.

By: FabulouslyBroke.com

FabulouslyBroke.com — Sat, 20 Feb 2010 23:39:50 +0000

BF and I each do both — budget & invest for our own personal use

And BF handles the household budget overall, and just gives me a little paper at the end telling me what I owe him, by the category breakdown (rent, food, utils, etc)

By: StackingPennies

StackingPennies — Sat, 20 Feb 2010 22:24:01 +0000

Right now, I mostly do most for myself, but we both benefit from it. T doesn't officially budget, but he definitely spends less than he takes in. We don't have everything combined, but we do have a lot of joint spending.

Neither of us spend a lot of time monitoring investments — but i wouldn't mind if he took charge of making sure things were balanced and such. I would want to be involved in the strategy though!

By: Courtney

Courtney — Sat, 20 Feb 2010 19:19:46 +0000

My husband takes care of both household and investments. He loves reading about all of that. He basically runs it by me and I ask my questions. It’s worked for us for almost 6 years.

I do know how to pay bills though. (I take care of it all when he is deployed since internet isn’t always reliable.)
Courtney´s last blog ..Oreo Cakesters

By: Money Reasons

Money Reasons — Sat, 20 Feb 2010 03:59:38 +0000

Ironically, in my household I'm the one that handles both filing the income taxes and the investments. The kicker is my wife is an accountant… go figure. I've tried to get her involved with investments (she has her own Roth IRA), but she has no interest whatsoever!

Now it could be that I've been involved with investments since I was 8, so I have a strong background, but I still think it would be good to have her involved too.

My wife does handle the paying the bills though.

As for how it happened that way? The taxes went that way it has because I use to trade a lot of stocks and she didn't want to mess with that stuff in the tax forms. And as for investing, it's a hobby of mine, but with my wife… not so much…

By: eemusings

eemusings — Sat, 20 Feb 2010 02:48:01 +0000

Well, I take care of pretty much all the finances – the boy cares little for that kind of thing and doesn't really want to. It naturally falls to me: I'm a planner, he would spend everything he had because he doesn't tend to think far into the future. But as far as I know, both my parents are pretty money savvy both in terms of everyday and long term investing (my mother is an accountant…)