Many people think that marriage is synonymous with finance being a common fund in the family. However, reality shows that many couples still choose to keep a part of their income or avoid completely publicizing money.
According to Ms. Nguyen Thi Hong Van - Financial Advisor of FIDT Investment Consulting and Asset Management Joint Stock Company, the cause of this phenomenon is not simply in lack of trust, but stems from many deeper factors.
Finance is a sensitive topic
Finance is associated with a sense of security, self-worth and self-respect. Therefore, many people are reluctant to share when there are "not-beautiful" points such as low income, uncontrolled spending or debt.
Each person has a different "money frame of reference
Some people prioritize saving, some consider money to enjoy; if not clearly discussed, it is easy to lead to a feeling that one side is "over-controlled", the other side is "irresponsible", and from there choose to keep it private to avoid conflict.
Need to maintain financial independence
Many people maintain a "private fund" as a safe zone to feel proactive, not necessarily hiding it. Besides, the influence from past experiences such as having been in need, having witnessed conflicts over money, or having been financially controlled makes them more cautious when sharing.
In addition, the power factor in the relationship also affects financial transparency in marriage. When there is an income difference, those who earn a lot tend to want to take the decision, while those who earn less may feel insecure, from which transparency becomes sensitive.
