Ideally, family financial planning should be discussed and agreed long before you and your partner get married. Who pays what, whatever is paid, and how technical.
But if until now your family's finances are still problematic, don't worry. Immediately change and improve the pattern of financial arrangements for you and your partner now, so that later your family's finances and household relationships are safe!
Understand the following 3 principles of managing family finances:
1. Mutual Openness
Whatever income is received or expenses used (both personal and family expenses), be open to your partner.
By being open with each other, the compromise and agreement on the budget allocation of income will be smooth, create a sense of comfort, and mutual trust. Not only notifying the nominal salary, also inform the type of insurance followed. Even the amount of debt the couple has.
2. Sharing Roles and Tasks
Ideally before marriage, a husband and wife must first compromise on who will later have an operational or strategic role.
According to financial consultant, Andreas Hartono, both wife and husband can occupy both roles. They must decide from the beginning, even before marriage regarding their respective roles and duties in managing joint finances. Operational roles include managing cash flow, managing savings, and emergency funds. While the strategic role is to think more strategically in utilizing spending as much as possible. For example, in terms of investment, insurance, and pensions.
The division of tasks is also very easy, especially for working couples. For example, a husband who finances basic needs, pays insurance, car and house payments. While the wife pays tuition and vacation needs.
3. Have a Family Operational Account
This mechanism is usually carried out by couples who are both working or have income. For simplicity, a special account is created for family operations. Either from a husband or wife, a period after earning an income will transfer or replenish his income into the account.
The amount that must be shared on a regular basis can be mutually agreed upon. The account is then used to finance all household needs. Technically who manages the account can be compromised between husband and wife. Infaq Donation