It is quite common in many households to hire part-time or full-time household help and other support staff. Keeping aside the financial obligation and responsibility, it then becomes a moral responsibility too to financially safeguard that person from untoward large expenses, such as an unexpected medical surgery in their household or for that matter individual's health, and clothing. This kind of support is seldom deducted from the monthly pay of the household help. It is accepted as a routine responsibility, as part of the “contract” between the household and the help. This social contract has implications for the financial decisions for both the household of the person being assisted, and the household employing that person.
The world-over, financial inter-dependencies within a household sometimes stitch a household together and at other times the forces that split it apart. Financially dependent children during their growing up period stick together with their parents but may exit the household when they become financially independent. Similarly, the emotional bond between a husband and a wife is as much rooted in the financial inter-dependency that connects them as it is in pure feeling.
Anything important in our lives is emotional. Our relationships are emotional, our work is emotional, and so is our money. One of the misconceptions about money is that it’s all math. There is no doubt that doing math can help answer several money questions, but there is no foolproof formula to making financial decisions.
Our relationship with money is just as personal and valuable as any other relationship in our life.
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