Hi, I?d like to go on with my illustrating aspects of family financial planning. Exactly in this review I?m going to face the question of a separate budget. I should say that a separate budget is rather a specific approach to family financial planning. I should say that in some countries this kind of the family budget isn?t widely spread while in other parts of the world it?s rather popular. As you know this approach to family financial planning is considered to be one of the greatest achievements of the consumption society. As follows from this you should use it for your sake. Of course you know that currently women try to be independent so this budget takes into consideration this peculiarity of the modern society. Moreover I should add this type of family budgeting is typical of prosperous couples where both spouses have a high income.
Of course, very often the idea of this separate budget is rejected. People think that it doesn?t work at all. And I can understand them. Nobody is going to count how many grams the husband has eaten ate and how much it costs. Everybody provides himself with what he needs. In this case family money is treated as any other bank accounts. Of course food is bought together. Some couples, leading separate budget, just think how much money they spend on food each month and many couples do the same.
Pluses of this type of family budgeting is that in this case both parties are financially independent which helps to avoid conflicts in the financial field and gives everyone an excellent opportunity to plan their purchases without discussing it with the partner each time. Among the benefits of a separate budget I should mention this important fact as assistance to relatives. This topic is always in the family as you know. And in a situation where each spouse has got his own funds everyone decides for himself whom he can help. As I have mentioned above he needn?t his spouse consent for this.
A separate version of the budget is also helpful in such a situation when a spouse has got an expensive hobby which can?t be interesting for another partner. There is also one more reason for this choice. Certainly I mean this mutual distrust, when each party suspects each other of hiding the true income. To my great regret you can come across such a peculiarity of family relationships very often. If such spouses had a joint budget then most probably their marriage would collapse very soon. But as you can see thank to a separate budget even such contradicting personalities can coexist quite successfully. You can also use this type of family budgeting if it suites you.
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