"It's important for you to be involved in your family's finances, so kudos for reaching out for advice to address it. Should your partner be away for a long period of time-or, God forbid, something happens to him-you should be able to cover any financial situation that may arise. That includes knowing about your cash flow, having access to bank accounts, and tracking any and all bills that need to be paid."
"You may not be contributing financially at the moment, but you do contribute to the household and have put in considerable sweat equity to make sure things have been running smoothly. Find a time to talk to your partner about sharing this information. One way could be to ask him to have a money date with you one night after the boys are put to bed."
A stay-at-home mother expresses concern about lacking financial oversight in her household despite her partner earning a good wage. She receives limited cash and has only a restricted credit card, creating an imbalanced dynamic. The advice emphasizes that financial transparency is essential for all household members, particularly those managing daily operations. The stay-at-home parent should have access to bank accounts, knowledge of cash flow, and involvement in budgeting decisions. This protects against emergencies and acknowledges the significant non-monetary contributions made through childcare and household management. Communication through a dedicated conversation with the partner, framed positively around gratitude and partnership, can facilitate sharing financial information and establishing joint account access.
#financial-transparency #household-partnership #stay-at-home-parent #money-management #family-finance-communication
Read at Slate Magazine
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