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Anonymous

20 Dec 2019

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How do I come to a consensus with my husband over budgeting?

Hi, I don't earn much, about 2k a month. My husband earns about 8k a month. Recently we've been disagreeing over budgeting, as I've asked him to help with paying for my parent's allowance- 80% from him and 20% from me. However, he feels that's too much, and wants to set aside more for our future children instead. How do we get around this hurdle?

Discussion (16)

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Loh Tat Tian

20 Dec 2019

Founder at PolicyWoke (We Buy Insurance Policies)

The weightage seems to be taken directly from the amount you two earn. This is weird isn't it?

We should be looking at what your parents may need. His income tax is also sky high. It would be better for him to contribute via CPF RSTU (retirement sum Top up) and also enjoy tax relief imho, while the cash saved (from income tax), then can be used for children too. Think Big, Think Win Win.

If you expect him to pay for your parents, maybe you should also pay for his parents allowance too. In order to take, must have give also right? And cannot be too down to the point.

If this is not the point, then you should probably communicate properly what is the purpose first.

Bjorn Ng

20 Dec 2019

Business Analyst at 10x Capital

Hello, well this is pretty tricky.. I think you both have to sit down and share with each other your point of views, being open and communciate. Sorry if that sounds very cliche, but I would think in some sense, that would help as well. Afterall, what you said about him wanting to set aside more for your future children is also valid too, and allowance to your parents is also equally valid. I believe he is okay with giving your parents money, but probably up to a certain amount. At the end of it all, it's sitting down and communicating. Might be easy to flare up and be annoyed, but deep breaths!​​​

Cedric Jamie Soh

20 Dec 2019

Director at Seniorcare.com.sg

Tough situation. He is not wrong in that he wants to save more for the future, and you are not wrong in wanting to take care of your parents.

You guys can discuss together and come to an agreeable sum, but before discussing do both of u a favour and acknowledge that there should be no FIXED position but give and take of both sides.

After all, all the money is for FAMILY.

I believe this is just one disagreement, there are probably a few more minor one. Follow the understanding that both just want the whole family to be better off =)

Both need to give in, if not there is a feeling of one loser and one winner.

You can compromise, for example saying you will fork 40% and ask can he assist with the other 60%?

Or reduce the sum amount so that the 80% doesn't seem so much?

or allocate an extra $100 out of this sum for Flexible Family Help in the future.

discussion helps make the hurdle become a problem to be solve together and not just by 1 person ;)​​​

Leslie Koh

10 Dec 2019

Associate Financial Services Manager at Prudential Assurance Company Singapore

Firstly, the notion of him thinking to set aside more for kids is great.

Secondly, I feel that he feel that he's contributing more to "your" family instead of you so thus, the unfairness kicks in and why the disagreement.

The truth is, there's no right and wrong answer, but the more important thing is to have an open conversation with him.

Does he give the same amount to his parents? How do your other finances and budgetting work out? Are...

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