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Two decades on, Subway hasn't cut the mustard. A deal with Reliance can give it the bite it needs. Ritesh Agarwal has steered Oyo from chaos to clarity. Is that enough to pull off a successful IPO? Choose your reason below and click on the Report button.
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Among married couples with a single earning partner, a skew often slips into the financial equation. If the husband takes care of everything, from earning and spending, to saving and investing, there is a tendency to dictate terms to the non-earning spouse.
In some cases, the wife has to ask, remind or grovel for money every month to take care of household or personal expenses. In many marriages, the husband shares money, but not information regarding his salary, spending or investments. It is crucial for both the spouses not only to be in the loop when it comes to finances, but also be equal beneficiaries of wealth. If you are not, and are having trouble finding common ground, go through the following points to know what you should do. Know your financial rights A wife has the legal right to secure basic amenities and comfort—food, clothes, residence, education and medical treatment— for herself and her children from the husband.
So, understand that as a homemaker, you should not have to ask your husband for money; he is bound by law to provide it to you. This is important because the quantum of salary will provide clarity to the wife about how much money she can have for household and personal expenses. Show interest, split financial responsibility If your husband does not share financial information, it is possible that at the start of the relationship, you did not evince any interest in financial transactions.
If you want to change the status quo, have a conversation about it with the spouse. It is important to not only display interest, but also split financial responsibilities as per your individual skills. If you are good with investments, take on the responsibility, leaving the tasks of earning and paying bills to the husband. If investing is not your forte, you could handle the household budget and payment of bills, leaving investments to the spouse. News on income money information financial planning investments. Your legal guide on estate planning, inheritance, will and more.
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