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Kanchan

Kanchan Rai  |545 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Mar 03, 2023

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Rahul Question by Rahul on Feb 22, 2023Hindi
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Relationship

Hi Ma'am . Just to ask that if both husband and wife are working and earning equally.Should they also contribute equally in expenses

Ans: Hello Rahul,
The decision of how a couple divides their expenses should be based on their mutual agreement and individual financial circumstances. There is no one-size-fits-all answer to this question as every couple's situation is unique.

Some couples may choose to split expenses equally, while others may contribute according to their respective incomes or based on their individual financial responsibilities. Additionally, couples may decide to have one person handle the bills and expenses, while the other contributes in other ways such as household chores, childcare, or by saving for future expenses.

It is important for couples to have open and honest conversations about their finances and come up with a plan that works best for them. This may involve setting a budget, creating a joint bank account, or creating a system for tracking expenses.

Ultimately, what is most important is that both partners feel comfortable with the arrangement and that it is fair and equitable for both parties.

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Ravi

Ravi Mittal  |526 Answers  |Ask -

Dating, Relationships Expert - Answered on Feb 20, 2023

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Relationship
My wife has said that she will keep no relation with my family and i should not keep any relation with her family. This happened as my mother on law always supporter her..She is late for everything and which triggers my anger. I have always supported her but in the past i had friends who used to make me drink and travel leaving her all alone.I have already left the past. She is working now but does not support in running the family expense. She is 41 & i am 47 now. Our marriage has been is now completed 19 years. I have to bear all the expenses of the family like Son's school fees etc. She sometimes incurs her medical expenses. I am not at all happy as she is does not disclose anything to me and always thinks that my family is after her and says that they do some black magic etc...I am planning to bring my father as he is 80 years old but he is fearing that if he comes then there will be a dispute in my family. Should i ask to share the family expenses as this is eating out all my savings. Please guide me ...I am very unhappy.
Ans: Dear Trilok,

An open discussion might help in your case. I am sure you have tried explaining your grievances to your wife, but try it one more time. But instead of making your statements like, "your actions make me so frustrated," try to make her your ally with I statements, for instance, "I feel so frustrated because of everything that's going on; I really need you in my corner." What this does is tickles the other person's ego by making them feel needed; it just might do the trick.

Express your thoughts politely, without ever losing control of your tongue, and make your wife understand that you are partners and equals, hence both are responsible for the wellbeing of your family, not just you alone.

Best Wishes!

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Anu

Anu Krishna  |1520 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 13, 2024

Asked by Anonymous - Jun 12, 2024Hindi
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Relationship
Hi Anu, I'm married since 5 years now and having loving In-Laws who are financially very well to do. My husband and I earn very less as compared to my in-laws, with whom we stay. My husband is 37 years old and earns 47000 INR a month, out of which he saves 35000 INR (in-laws have told him not to spend on house expense, but instead save). The rest 12000 INR he has for himself. I am also working and all my earning is with me. The problem is that he usually ends up spending almost all of the 12K. This angers me as I feel he should focus on saving as much as possible from that. We have an understanding among us that the expense for enjoyment will be borne by me as his major chunk is being saved for "Our" future. Am I wrong to be upset with his spending?
Ans: Dear Anonymous,
Are you wrong to be upset?
NO and YES...
NO; as you feel wronged that you are the one spending on enjoyment, so where does he spend 12K?
YES; as you have not conveyed it to him or the two of you have not spoken about it earlier. Have you discussed that he must save the 12K?
So, the key to any solid marriage is COMMUNICATION...Communicating your needs, wants, desires, values and aligning them to make the marriage work looking at the larger picture.

Simply have a frank conversation. For all you know, he may just understand where you are coming from; BUT if he wants to spend SOME OF his hard earned money on himself his way, kindly let it be. It's the pride of a man to be able to earn and spend without asking for anyone's permission. Do respect that...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

..Read more

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Milind

Milind Vadjikar  |1030 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Feb 17, 2025

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Hello sir, I am 33years old and like to have a stable life with a good retirement corpus along with children education. I have 2 sons both are of 1 and 3years old respectively and my wife is a housewife. I am having FD of 16L, 10L in gold, bought a flat paying housing loan EMI of 25K, having term insurance for 1cr and health insurance for 4L. I am making investments in mutual funds SIP of 30k since last 1 year. Hdfc dividend yeild fund 1000 Icici bluechip fund 8000 Quant small cap fund 1000 Canara robecco small cap fund 1000 Uti nifty index fund 5000 Icici balanced advantage fund 5000 Jm flexicap fund 2000 Quant elss fund 5000 Parag pareekh flexicap fund 2000 Lumsum Investments Sbi healthcare fund 20K Quant infrastruture fund 10k Sbi magnum gilt fund 20k Plz advice....am i really doing good with these investments or shall i replan my investments....
Ans: Hello;

Having 12 funds(9 sip+3 lumpsum) in portfolio is not required.

You need to just 4 funds for your sip of 30 K(divided equally):
1. Flexicap fund
2. Large and midcap fund
3. Balanced advantage fund
4. Multi asset allocation fund

You may consider exiting the sectoral, thematic and debt fund owned by you and redeploy it in your regular funds.

This ensures equity(large cap oriented)is predominant asset class in your portfolio but it also has exposure to debt and gold for balance and risk mitigation.

Also keep a target to step up sip amount every year by 7-10% atleast.

This will go towards higher education provision for your kids. (~1.85 Cr in 15 years considering 7% annual top-up and 10% modest returns)

For your retirement planning you may consider NPS and start with a decent amount(~30 K pm) as regular investment since time is on your side(27 years to hit 60 age).[3.45 Cr in 27 years without any step up consideration. 8% returns assumed].

Consider buying home loan insurance and super top-up health cover.

Happy Investing;
X: @mars_invest

...Read more

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