In a marriage ,who should be responsible for coming up with a budget and what should the budget include?
Ideally, both partners in a marriage would be responsible for coming up with a household budget. What a budget would include would vary by household, especially dependent on whether or not a household has children. But generally speaking, a budget would include:
- utilities, rent, mortgage, and other payments associated with owning or renting a home
- groceries, toiletries, and cleaning/maintenance products
- credit payments (car payments, credit cards, etc.)
- regular medical expenses
- communications (cell phone bills, cable, home internet)
- local property taxes
- Other specific expenses (tuition, memberships, insurance payments)
Of course, a budget also includes income, which can be irregular, and families need to consider income fluctuations in compiling a budget. After these expenses have been covered, a family can consider things like entertainment. I have also not included clothing in this budget since for many people, that is a seasonal rather than a regular expense. But clearly, some coordination between partners is necessary to maintain a sensible budget.
Anyone can be incharge but they have to be good arlt math and keeping up with finances obviously.
A budgest shluld include
Free spending money
And some similar every day items.