Marriage and Finances: Who’s the CFO?

by Vinaya HS on September 17, 2010

in Finance

Thanks for visiting Capital Advisor. I frequently update this blog to cover various topics on personal finance such as investment strategies, financial products that you should buy and ones that you really should stay away from, financial calculators, emerging themes such as early retirement and financial independence, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

Within our household, I am.

D doesn’t really break her head over income, expenses, cash flows, saving, investing, taxes, etc. Whether Section 80C offers an additional savings avenue of Rs 20,000 per year through infrastructure bonds or not isn’t really a topic that she’d like to talk about. Her dad used to handle everything from the time she started her career and now that responsibility has shifted to me. One of the best things her dad has done is getting D to automatically save through VPF from Day 1. I wish I had had that insight.

Planning, saving, and investing for her goals are all done by me. But here’s the interesting thing though, I keep our investment portfolios separate. She has hers and I have mine and I’ve found this a whole lot easier to track and manage. So long as it’s not losing money, D’s OK with my portfolio management services. :-)

So, how does it work in your household? Who’s the CFO?




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

Previous post:

Next post: