There is a persistent myth that a wife has control over her husband's money because she gets to spend it. Actually, she does not have much more financial authority than the employee of a corporation who is delegated to buy office furniture or supplies. The husband, especially if he is rich, may allow his wife wide latitude in spending - he may reason that since she has to work in the home she is entitled to furnish it to her taste, or he may simply not want to bother with domestic details - but he retains the ultimate veto power. If he doesn't like the way his wife handles his money, she will hear about it.
About this quote
- What does it mean?
- A wife spending husband's money is like an employee spending company funds; she lacks true financial authority.
- In plain terms
- Spending money does not mean you own it.
- What can you take from it?
- Financial control remains with the one who holds the veto.
Where it applies
Putting it to work
Questions to consider
- Who really controls the money in your home?
- Does spending power equal ownership?
Another view
It ignores cases where wives hold equal legal financial rights.
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