A Women's Place

A Women’s Place: Managing Finances in a Traditional Marriage

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It’s International Women’s Day and I want to speak directly to some of the women who are hopefully reading this blog. As a woman in a traditional marriage I understand that sometimes it can be hard to navigate the marriage and the advice when it comes to managing finances in a traditional marriage. It can be difficult to navigate a modern women’s place in marriage- especially when it comes to money and finances. 

Managing Finances in a Traditional Marriage

I am in what you would call a “traditional marriage” and I think this gives me specific insight into this issue. Being in a traditional marriage does not mean that you have to give up your knowledge- especially when it comes to finances. You can be a great wife who trusts and respects her husband and still know what is happening with your husband. Even if your husband “deals with these things” does not mean you are exempt from having at least a basic sense of the state of your finances.

Ladies: you need to need to know the status of your finances.

I have touched on this before when talking about the need to know passwords, usernames, and location of money so you will be prepared in the case of death or incapacitation (god forbid.)

Now I am talking about the day to day status of your finances. How much is in your bank account? What is your budget?

Knowing this information and being on top of your financial situations does not mean that you have to be the one taking care of the finances. Its OK for your husband to be the one to deal with this. I am not telling you to add more responsibility to your plate or take a job away from your husband. In fact, my husband deals with the bulk of our finances in my home.

I can hear the collective gasps already. After all, I am a personal finance blogger. Let me clarify, my husband is the one who pays the bills, takes out the cash from the ATM and divides the money for our spending. He is the one who transfers the money to savings and to our various envelopes. This doesn’t mean that I don’t know everything that is happening with our money. We worked together to create our budget and we regularly discuss our money and goals.

I also have full access to all our accounts and I get alerts on my phone and emails when money is transferred and taken out of my accounts. I can trust my husband to deal competently and responsibility with our finances and still have knowledge of what is going on. Having complete trust in someone does not mean that you don’t know what is going on. I trust him implicitly. I still am always in the loop. I still have a say in every penny. I still know exactly what is going on.

Having knowledge does not mean that you are lacking in trust. Going a bit further, having knowledge does not mean that you don’t respect your husband. I respect my husband. I trust him. I do not doubt him. All of these things do not mean that I need to close my eyes.


If I am cooking supper and my husband walks in, picks up the pot cover and sniffs- is that a lack of trust on his part? Is he being controlling? Nagging? No! He is looking. He is being aware. He is enjoying my efforts. I don’t see why this has to be different when it comes to finances. When I check my bank accounts- I am not displaying a lack of trust or nagging. I am checking things out. I am appreciating how competently and organized my husband is.

Be Aware

People make mistakes. Things happen. Life happens. It is IMPERATIVE that you are aware of where your money is and where it is going. Unfortunately, too many ladies have been blindsided by people who they trust. It is crucial to make sure that you are aware of your financial situation. It is crucial that a couple work together as a team towards financial security. A team cannot operate when one person is clueless and kept in the dark.

I hope this does not come across as too preachy. I know that maybe I am coming across strongly. This is because this is something that I feel extremely passionate about. I hope you will excuse this lecture on this day that is meant to empower and celebrate women.

Of course, if you want to be more active and involved in your finances you can do that as well! Even in a traditional marriage, you can take control of your finances and start saving for your retirement. 

Of course, I am only speaking from my own experience and knowledge. Every relationship is different and there are many delicate situations that require nuance. If you feel like you are in a situation where you would like to have more control of your money but you can’t perhaps consider seeking out professional help to see whether this can be fixed.

We have a responsibility to teach our daughters and the young women in our life all this important information as well, so please reach out to the young women in your life and share this vital information.

International Women’s Day is being celebrated on Personal Finance by Women. Go check it out!

Looking for great content by Women? Check out Women who Money for their extensive directory. 


A Dime Saved

Hi! I am a millennial mom with a passion for personal finance. I have my MBA and I have been studying Personal Finance on my own for as long as I can remember. I have always been “into” personal finance but got inspired to start my blog after a period of extended unemployment. That experience really changed the way I viewed my relationship with money and the importance of accessible personal finance education.

1 thought on “A Women’s Place: Managing Finances in a Traditional Marriage”

  1. That sounds like an equal partnership, much like my spouse and myself. She handles bills and cash distribution and I handle taxes and investments although there is a lot of crossover at times. She set up most of our cash accounts but we share passwords and both have access to everything we have invested. She was a stay at home mom most of our 41 year marriage and I was the primary breadwinner but we are equal partners and she could walk off a wealthy single woman tomorrow if she so decided, but I hope she doesn’t!

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