When your husband wins the lottery
10 June 2016, 16:06
In the era of sports betting and strings of lotteries, a windfall is expected in so many homes across in Kenya. Most of the times husbands are the winners. However, a windfall is not limited to gambling ventures. In essence, it involves receiving a huge but unexpected financial benefit(s). This can equally come from a business breakthrough, job promotion, inheritance or even a gift.
Financial managers say 80 percent of the recipients are never prepared for the windfall. This leaves a loophole for misuse and wastage. So, what role does a wife play in ensuring it is utilised efficiently?
Draw a family vision
Men could be shy to accept publicly that they appreciate women who are diligent, wise and visionary but to be honest they do. A wife as a partner and helper to the husband can help him develop a plan for the family. This factors in the amount to spend on investment and day-to-day needs. The vision will create a sense of responsibility for the husband such that he will feel some kind of a pitch when tempted to spend irresponsibly.
Establish investment structures
Truth be told; not all men are good investors. Some do not even know how to save. It takes an organised and responsible wife to identify her husband's weaknesses and plug herself in the space. Without bullying the husband, a wife can float investment options based on the amount afloat, discuss and make a unanimously decision. She will have helped her husband build an investment structure for the family.
Wives can be something else when money is in the picture. They will remind you of the cancelled trip of 10 years ago, the dinner date you have been postponing for the last two years ago when things were thick. Now that you got the money, they might think it's time for treats. It's ok to celebrate the windfall but money comes and disappears before you even notice you had it. If he sums all the failed promises and decides to fulfill them with the money at hand, you will end up probably poorer than before. Start building on your future.
You hold the key to your family's padlock. Help your husband open it.
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