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Nairaland Forum / Nairaland / General / Family / Formula For Solving Family Financial Conflicts (779 Views)
Solutions To Financial Conflicts In The Family / How Do You Resolve Conflicts/disagreements With Your Spouse? / Should The Extended Family Financial Support Be Revealed To A Jealous Spouse? (2) (3) (4)
Formula For Solving Family Financial Conflicts by Sunnycliff(m): 4:48pm On Jul 18, 2013 |
For the working class couple and a Christian Home, I suggest this financial formula to make the home a heaven on earth one. Its been working for many of us. 10% of income of each partner should go for tithing to God. 10% of income of each partner to be set aside as personal savings 50% of each partners income to be given as a joint family fund or family account. Of which 20% of the 50% would be for family recurrent bills and expenditures and house upkeeps and the remaining 30% of the 50% to be used in capital expenditures of the home like buying a car, building, capital assets, shares etc Then the last 20% of each partners income to be used by each partner at his/her own discretion without the interference of the other partner. If this can be mutually agreed upon, financial crises in the home would be a long forgotten issue in the Christian Home. |
Re: Formula For Solving Family Financial Conflicts by greatgod2012(f): 6:22pm On Jul 18, 2013 |
No financial formular can work, except they both have common interest to make it work. 1 Like |
Re: Formula For Solving Family Financial Conflicts by EfemenaXY: 7:12pm On Jul 18, 2013 |
There is no one-cap-fits-all. Different families have different needs in varying degrees, so no point trying to shoebox them all. |
Re: Formula For Solving Family Financial Conflicts by Nobody: 9:30pm On Jul 18, 2013 |
Op thanks. But where is d remainin 10% naw? |
Re: Formula For Solving Family Financial Conflicts by Sunnycliff(m): 9:46am On Jul 19, 2013 |
yellowpawpaw: Op thanks. But where is d remainin 10% naw? sorry dear, its 30% that should be used at the owners discretion |
Re: Formula For Solving Family Financial Conflicts by mgbeketoto: 10:10am On Jul 19, 2013 |
NEVER HAVE A JOINT ACCOUNT WITH YOUR SPOUSE! Have separate financial responsibilities in the home. . . .THAY WAY. . . NO CHEATING AND YOU CAN ALWAYS TELL WHO IS FAILING!!!! |
Re: Formula For Solving Family Financial Conflicts by Sunnycliff(m): 11:01pm On Jul 19, 2013 |
[quote author=mgbeketoto]NEVER HAVE A JOINT ACCOUNT WITH YOUR SPOUSE! Have separate financial responsibilities in the home. . . .THAY WAY. . . NO CHEATING AND YOU CAN ALWAYS TELL WHO IS FAILING!!!! [/quote What should be the guide in marriage; competition and fault finding or complementarity and support? |
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