Thursday , November 21 2024

My husband uses our joint savings for my in-laws


My husband and I are saving to purchase a plot of land next year, but he regularly withdraws money from our savings to assist his parents whenever they need financial help.

We currently reside with my in-laws, who treat me very kindly because of their affection for my husband.

In terms of finances, my husband allocates a portion of his earnings to me each month, which I save in a separate account and do not use. Additionally, I have some savings from before our marriage. Our goal is to buy a plot of land next year.

The problem arises when my in-laws need financial support, my husband tends to dip into our savings to cover these expenses. While it is understandable that we, as their children, cover their medical and hospital bills, the issue extends to other expenses.

For instance, for an upcoming birthday in my husband’s family, he plans to spend four to five times our agreed budget on a gift, rather than the usual one or two gold bars.

I sympathize with him and respect his decision since he earns the money and has the right to decide on its use. However, this pattern may jeopardize our long-term financial goals of asset acquisition. Currently, as I am not earning as much as I used to, this situation is particularly concerning to me.

What should I do to alter my husband’s perspective on our financial planning?

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