Hello all,
First of all let me preface this by saying I'm not entirely sure where this topic should go. If it would be better suited elsewhere please let me know or if this isn't even the place for this kind of question. That being said I'll begin.
My wife and I have been married for 1 year and together for 8. We bought our house 2 and a half years ago. I was always the more financially stable of the two of us. When we had an apartment, my now wife overdrafted several times due to clothes shopping, eating out, etc. She didn't keep track of her money. She didn't record anything. I understood how dangerous this was to our household and so I intervened. I explained how saving, investing, and living below our means would provide the best quality life for us. She agreed to let me manage all of our finances and since then money has never been a problem.
Fast forward to today. While she doesn't say it, I know my wife resents me to an extent since I have control of our finances and she does not. I personally spend very little and allocate fun/spending money to each of us after we have paid our bills, saved, and invested. It is not common for her to go through her portion in just the first few days of the month.
Now I certainly don't want my wife resenting me. Of course she makes money and provides for the household as well. I just invest and save on her behalf so that she doesn't spend it all. That being said, is that my responsibility? Would it be better if I just let her have whatever money she would have if I weren't managing her finances? I know that would make her happier, but I know that she is unlikely to invest or save much of it and that can impact me negatively since we're married.
Does anyone have any advice? Man this sounds like a relationship help question, but while I want her to be able to have fun and spend I think financial stability and planning for retirement have to come first. What should I do?
First of all let me preface this by saying I'm not entirely sure where this topic should go. If it would be better suited elsewhere please let me know or if this isn't even the place for this kind of question. That being said I'll begin.
My wife and I have been married for 1 year and together for 8. We bought our house 2 and a half years ago. I was always the more financially stable of the two of us. When we had an apartment, my now wife overdrafted several times due to clothes shopping, eating out, etc. She didn't keep track of her money. She didn't record anything. I understood how dangerous this was to our household and so I intervened. I explained how saving, investing, and living below our means would provide the best quality life for us. She agreed to let me manage all of our finances and since then money has never been a problem.
Fast forward to today. While she doesn't say it, I know my wife resents me to an extent since I have control of our finances and she does not. I personally spend very little and allocate fun/spending money to each of us after we have paid our bills, saved, and invested. It is not common for her to go through her portion in just the first few days of the month.
Now I certainly don't want my wife resenting me. Of course she makes money and provides for the household as well. I just invest and save on her behalf so that she doesn't spend it all. That being said, is that my responsibility? Would it be better if I just let her have whatever money she would have if I weren't managing her finances? I know that would make her happier, but I know that she is unlikely to invest or save much of it and that can impact me negatively since we're married.
Does anyone have any advice? Man this sounds like a relationship help question, but while I want her to be able to have fun and spend I think financial stability and planning for retirement have to come first. What should I do?