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Role of in-laws:Should I share every expense with him??
2005-07-28
Name: MoneyMatters!!!



Hi, We both are working and earning well. He earning 1.5 times than me. He is spendthreft. while I am used to manage my expenditure in 50% of my salary. Now the question is should I participiate in every expense he does. Which includes: 1) Installment for his car (As of now , we have one car for ourselves) 2) Installment for the car he has gifted to his father. 3) Monthly money he gives to his mom and grand-ma 4) We have taken up a 3 bedroom house (because his sis is staying with us), while we could have managed with 2 bedroom house. Should I share full rent. 5) Electricity consumption as his sis in at home almost for the whole day 6) Telephone bills , his sister makes long calls to her friends/relatives. 7) The gifts given to his relatives. As of now, we clubbed both the salaries, divided into expense account, common saving account and presonal saving account (for both of us) which saves me just 30% of my salry. So I am not able to decide, should I tell him that I will share only the household expenses? Is it fair?? Thanks in Advance!!
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2005-07-28
#1
Anonymous Name: simone
Subject:  ***



marriage is a relationship based on sharing and love but in your case it seems to be give and take. you shd not mind sharing till the time
1. he is equally spendthrift for the matters concerning 'you'....say your clothes, your phone bills, gifts for your family etc.
2. dividing money will the relations constrainned.
3. better observe and share if he is otherwise a good husband.
4. you both have to go a long way. after all your savings will make ur future safe, i mean both of you together
5. try talking to his sis abt extra expenditures politly.
6. practice wht u preach
7. try to control his extra expenses by suggesting some good investment options

good luck
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2005-07-28
#2
Anonymous Name: prumessence
Subject:  Depends..



It all depends on what kind of relationship you share with your husband. Is he doing all this expenses on his family with your consent or is he dominating them on you?
If he doesnt care for your input on expenses then you should put your foot down.
Say that he has to curb expenses and increase the amount of money put in savings account for a rainy day.
And if he doesnt agree then you can go ahead and demand him to do his expenses out of his own money and also add that you are not selfish, you will put the money u earn towards savings.
Tell him that while you admire his devotion to his parents, you have to think of future.
Some place i read that if a couple earn in different figures, they amount of divided expenses and savings also should be done in accordance to that. So be practical and divide it acc to your earnings. Not 50-50.
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