Who is wrong in this situation?

Question

There is a husband and wife. The wife has let the husband pretty much run the finances for 6 years. The result..not one penny in savings, investments or property. The husand for lack of better words sucks at managing money. He is also an impulsive buyer who has in the six years financially drined all the wifes assets she had coming into the relationship. Knowing that she has been his financial codependent she has decided to protect her income from him. The husband in turn says this shows lack of support. The wife says thus is a move for self preservation as well as a move to secure the famalies financial future. Who is in the wrong here ? should the wife allow the husband continued acess to her funds when it has been proven the husband is not good at finances? Also the husband in the past has gone as far as over drawing her account monthly.

Girish Mehta · Accepted Answer

My dear friend,wife is absolutely right and husband is totally wrong Wife should not act foolish and allow access to her money to her husband Move to preserve money is very wise move by wife.Stick to it come what may.

? · Answer

The wife is wrong. A marriage is a partnership and you should be balancing your finances together. You should create a budget plan together and follow it closely. Maybe you have a joint account or maybe you each have separate bank accounts for your personal income and savings, but a joint account you put money into to pay bills. If you try to manage your money separately one will do all the saving and one will do all the spending and you will be no further ahead as a couple. Visiting a financial adviser would be good for you two.

? · Answer

Both are wrong.  She is in denial of her problem with trusting someone that is not worthy of her trust in handling their finances.  You don't let that happen and keep on doing the same thing with a chaos result.  the husband has a pride problem and denial too, of the real situation.
They both should sit down and organize a budget and stick to it.  Like the tv show, til Debit do us part.
-both are responsible here.  She had it coming, letting Mr Slick fingers take her funds and do with it what he will.  He just doesn't get it, and she does, so role reversal needs to happen in the area of money and paying bills and saving.  He needs to back off and let her do this and helping the whole thing by agreeing together to work together in finances.

? · Answer

I have a feeling I am not getting full story.

1) They both made financial mistake her in trusting him and not watching him and he mismanaged. 

2) She should restrict access to the funds or move a part of the fund to an account he can draw if they both need the money for bills. If it is money for unnecessary things she should make a deal that requires him to build her trust in him.

Liz · Answer

The husband is an irresponsible child, and the wife is a moron for enabling him for six long years.

??? · Answer

She is doing the right thing. It's unfortunate but he's mismanaged their money repeatedly and put them in financial hardship.

dr.pepper106 · Answer

He is wrong and he knows it he is just trying to get his hands on your money so he can further his spending habit.

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Who is wrong in this situation?

7 Answers