Hubby Allowance
January 15, 2013 2 Comments
On the left is a poster that is apparently causing a storm in China that is spreading worldwide.Wish I could read it.If you read Chinese could you confirm I have the right poster and translate it for the rest of us?
According to this poster,Xinyan and Wenhao are a newly-wed couple, and their dream is to buy a new house.And they are struggling to save up the down payment. So they decided to let the wife Xinyan manage their finances. To do so, Wenhao will keep only 1000 yuan per month for himself, and give the remaining major portion his salary to his wife. It’s very inconvenient if he does this every month.So the China Merchants Bank (CMB) offers a service called “limited gathering” which is time and energy efficient to solve their problem. With this service, the bank will check Wenhao, the man’s account everyday. Once there are more than 1000 yuan, the bank will transfer the extra part to Xinyan’s account. In addition, the bank does not charge a commission fee for inter-bank transfers.And according to the poster”Ever since they started using CMB’s capital accumulation service, Xinyan and Wenhao have got on with each other even better and lived in happiness.”
Traditionally women have taken charge of household finances in China, but as the country modernizes attitudes have changed, especially among the young, and the advertisement set off a firestorm of controversy.
So what do you think about the wife managing the joint finances?About the husband having an allowance?About the wife having a right to the husband’s income?
About Keerthika Singaravel
wealthymatters 
It is an issue that works only in individual cases if both parties agree to it, but should never be forced upon people. Those who follow a traditional role of having authority over home and children should be given a sum of money each month which they have 100% authority over to meet their needs.
Well put Alex.If a person has the responsibility for maintaining dependents and managing household expenses,its only right that that they should have an allotted sum of money to do so,
In all the poverty alleviation programs we have in India,the government tends to allot the asset in the joint names of husband and wife or in the name of the oldest female member.The experience being that they are less likely to alienate the asset.
Also where women have banded together to clamp down on alcoholism ,a persistent complaint is of there being no money for household expenses.
Just thinking if such a scheme might be of use in such cases?And how to introduce it subtly?Pity that we get so little news from China.