Sharing salary with family

I have recently restarted working now that my kids are a little older. Initially I used to spend all my salary on my children, husband, in laws etc. But lately I feel I should save for my kids' futtures. But my husband feels I should share what I earn with the rest of the family like everyone does. And the kids' will be fine as his parents have enough savings. But somehow I feel as parents we should save for them not expect their grandparents too. What happens if their is a family feud in the future. But my husband feels am being selfish and paranoid. Am I?

4 replies
Smriti
June 7, 2017

4 Comments

  1. What you do with your salary should be your business. But in India, women's earnings are taken as something that the husband or family decides what to do with. *p**p*Your children and their future is first and always your primary responsibility. So making provision for their college education, lives etc does take priority over everything else. My husband and I both made signicant contribution s to funds which would take care of his future. Remember to account for devaluation.*p*

  2. Your point of view is absolutely correct. You may share a part of your earnings but saving for your children should be the top priority.*p*

  3. Dear Smriti*p**p*Your concern is totally justified. Yes you must save for your own children and I am sure your in laws will understand, as they are secure enough,  as you yourself said they are. Your husband is just being preachy and idealistic here. Not very clear how joint family works though, are you saying, that you must contribute your entire salary to your family kitty? its a little unrealistic expectation. *p**p*I would suggest you to speak to your in laws, who i am sure will understand as they too brought up children. If there is a need then maybe you should share it with the entire family. LIke there is an emergency and there is shortage of cash then yes pool in. But what is the harm in saving for your kids future? *p**p*You are not paranoid, you are just confused and are introspecting, about what can be done. *p*

  4. You can still settle for a little sum of money saved as an asset for your children and contribute to the family as well. Your concern is understandable but since you already have some savings for your children, I think its time you spend a little money on yourself. Your kids are grown up and with the asset that you two have kept for them will be handful I guess. I think they can take it from there. So don't worry. Do whatever your heart says.*p*

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