Should a stay at home parent/ spouse be entitled to consider the employed spouses income as half theirs?

Question

If there is a divorce, the money is split so why wouldn't it be split while married? When applying for loans etc., it should be ok for the stay at home parent to say they make half of whatever the employed spouse makes and vice versa. Technically the stay at home parent is doing a job and is being paid in essence because otherwise there would be daycare expenses and everything that is done around the house would surely have some value.

GIVE ME YOUR THOUGHTS.

OK. First of all I AM A STAY AT HOME DAD. Second of all, I went to get a loan and my credit is good enough, but I have no income and my wife's credit isn't good enough so jointly we were declined. They said if I had income I would be approved.

Ah, that makes sense about them not being able to garnish or collect on the money.

Answer 1

I agree with you on the position that staying home parent and taking care of the kids is a full time job. But unfortunately since you are not earning income you are not considered working by the laws. Why loan companies do not accept you only based on your income? Because you don't have any. This is how they are looking at it- if they give you the money and you don't pay them (either loan for a mortgage or car or personal loan) how can they get money back from you? From where? If you earn money they can get a garnishment of your income. And keep in mind that they are not in the business of repo-ing cars or taking away your house. Don't get me wrong-they'll do it if they have no other choice but they would prefer to have another outlet of collecting their money.

Answer 2

This is so trivial I cannot believe it. Too many people expect money for every effort. When a relationship is in effect, there is no split. It is a joined force as one. You should have self gratification on what you do to pitch in to make it work and not be so concerned about money. If all ends are being met, why make waves. This is being a successful family. Pathetic thoughts like these is why the divorce rate is so high. Either be happy with what you have or be part of the rising statistic.

Answer 3

Being in that situation right now as a stay at home wife and mother, I can't see a benefit to demanding that hubby hand over half the paycheck, because I try not to make the focus of our relationship his income. I don't want him to think that money is all I think that he is out there working for, I know the difference between working for greed and working for the ones that you love to make sure that they are provided for, meaning that I know that he is working hard for money that he isn't going to see much of after the bills are paid and the groceries are bought and the car is taken care of. On one income, there isn't much left. It is the sacrifice that we made together when we decided that since we had children, we were going to raise them and not hand them off to someone else to raise. If someone needs something like clothes or shampoo or whatever, we buy it on an as needed basis, there is no buying something just because you want it. You do have value to your work, and I am sure that your hubby would agree, I am sure that he enjoys comming home to have his laundry done, the house cleaned and supper waiting, but telling him that you're doing this for some money and not because you love and care about the well being of the family is not going to sit well. if you are looking for recognition for your job well done, tell him that you need to hear it. We all need a high five sometimes, and stay at home mothers need it even more, I think because we don't have preformance reviews and sometimes we get taken for granted. Just tell hubby that you need his hig five once in awhile, I am sure that he will understand.

good luck and God bless.

Answer 4

technically??? It is a job, and the money isn't really split, its just "ours". Yes a stay at home parent has a HUGE job, and it also does have value..Therefore, as it it a choice to stay home... no, you are not intitled however to use that income for banks, ect, or for personal use, unless it it done jointly.,. due to social securtiry, taxes ect... it does seem unfair, but thats the way uncle sam does it.....

Answer 5

This link tells you what a stay at home parent is really worth:

http://www.salary.com/careers/layouthtmls/crel_display_Cat10_Ser253_Par358.html

under the section what are mother's really worth.

But technically the stay at home parent can't claim the working parent's money .....what would they need a loan for by themselves if they're married? Both parents would just take the loan out together.

Answer 6

Yes, because the "modern" way of living is the man goes out and works to support his family. The woman stays home and takes care of the kids and cleans the house. If the woman decides to go out and work, then tht is her choice. So, what the man brings in is the fmily's money.

Answer 7

Here's what my wife and I do:
We have a general pool of money and a budget. If anything costs more than $25, we talk about it before we buy it. But each month we each get $100 to spend however we want, no questions asked. That way each of us can get things we want without it causing arguments. I use it for golfing and my wife loves getting watches and stuff.

Answer 8

When you go apply for a loan, they ask what the total household income is. If they ask what the income from your job, you have to put down -0-. Otherwise, they won't be able to verify it.

Answer 9

Yeah, I would say so. Taking care of kids and the house is a job most men couldn't handle.

Answer 10

My thoughts is to stay away from gold digging harlets like you. man slaves all day for you and you want to score half his pay too while you watch oprah and Montel. get a job lazy a$$.