Four type of family financial planning

Financial planning in family life could be a little bit tricky. Especially for the newly weds couple. The common problem is to decide who is responsible to handle the management. Is it the wife, the husband or both?

Choosing the right type of financial planning is just like choosing the right dress. One type is not meant for every one. But we have to know each type and adjust it for our own demand.
There is a four type that well known among the society. And each of them had their own characteristic.

Sugar Daddy

The husband is becoming the ‘manager’. Dad is responsible to manage the financial from paying the bill to planning the retirement issue. The best point of this type is because the societies tend to choose man as the head of the family. So, men have more authority to do this task. But the minus part, men are not very good with detail.

Mommy boss

Mommy taking cares the financial issue for this type. Everything is managed under mommy surveillance. Including daddy’s spending. This part when this kind of financial planning chosen type could be difficult. Because, not every man are willing to give their live manage by their wife. But on the other hand, the best part of this financial type is woman tend to concentrate on detail.

Separated by the wall

In this type, family finance is separated between husband and wife. Every body has their own responsibility. The best part of this type is both husband and wife can keep their own identity and their own pleasure. But, for big expenses such as car loan, house loan would be difficult to decide who will in charge those bills.

Just the two of us

Husband and wife putting their income together on one piggy bank, and all of expenses should agree by both sides. It seems the best ideal type of a family financial planning, because great communication is becoming the issue in this type. But it doesn’t mean this type don’t have a problem. The problem could be raise if the financial skill is not equal between wife and husband. Imagine if the wife is a successful finance manager in a big multinational company and her husband is a carpenter. Then would be a problem in way thought about financial issue right?

Which one is the best? Well, each financial planning type is for each type of family you have. Chose your own characteristic, see the positive and the negative side, the go for your family financial planning!

gardino posted this article under relationship, marriage on Tuesday, September 4th, 2007 at 2:04 am You can follow any responses to this entry through the RSS 2.0 feed. You can leave a comment or trackback from your own site. View Technorati Linkbacks.