Hi, I?d like to go on with my describing different types of family budgeting. The beginning of this discussion you can find in my previous articles regarding this matter. In this case I?d like to focus exactly on a so called fractional budget. It?s a fairly universal and suitable for almost everyone, but I should stress that it can be only suitable on the condition that both spouses are working. But as you know conflicts may arise again on the basis of the difference in salaries of the spouses. And often don?t know how to determine the extent of contribution made by every party. Certainly I mean exactly the contribution into the family budget. In this case both parties shouldn?t accuse each other by looking into each other’s pocket. So this approach requires a mutual readiness for this from my point of view.
This type of the family budget is appropriate, if one spouse is extremely frugal. In fact as you know such people can be criticized for their specific attitude to consumption and there?s no wonder about because this approach contradicts to the values of the consumption society. But any way frugal guys have good chances to survive under the circumstances of the profit oriented free market economy and especially when the world is being shaken by the global economic crisis. Most often the role of curmudgeon in the family is played by a man. Moreover, the situation has a little effect on the financial welfare. In general these guys have rather a pragmatic and pedantic attitude to money and this might cause a sincere rejection especially if another spouse is mainly driven by emotions. But in spite of this frugal guys have essential qualities for homemaking and especially for formation and management of the family budget. Such guys aren?t likely to waste money and this quality should be appreciated any way.
Perhaps you wonder what this guy?s wife Give him a chance to feel that important decisions are made by himself. But the most important advice for those who live with such a person is that they should have their own source of income so as not to feel constrained in finances. In this case greed won?t undermine family relationships. A financially independent wife will be happy to appreciate his accuracy and ability to manage their family funds. It?s very essential to realize that a husband always has something for a rainy day. This forms a feeling of security which is very important in family life as you know.
Obviously, if one spouse is too greedy, then managing a joint budget becomes problematic. Any plan will turn into an unpleasant showdown. Therefore, in this case it is advisable for both spouses to have a certain amount they could spend at their discretion, without the risk of being plunged into a new long quarrel. I hope you won?t have quarrels with your wife because of money.
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