As I dealt the same problem before (with my mother), I just calculated their monthly expenses conservatively. Assuming their monthly expenses is around P10,000.00, I am giving them the amount P 12,000.00 as P 2,000.00 as the allowance for any incidental expenditures they would incur.
I would not give all my salary or big portion of my salary to them, because they too expect us to have savings in the future. Let them know that you value your hard-earned money and speak to your wife passionately. It is not auditing your money where it goes but by valuing the same on your family expenses.
Especially this time of recession, it is best that we should find ways to eliminate extravagant and unnecessary expenses, prioritize basic necessities only.
I think that your wife is just being emotional and you must understand her as you want to feel that she understand you too.
As I dealt the same problem before (with my mother), I just calculated their monthly expenses conservatively. Assuming their monthly expenses is around P10,000.00, I am giving them the amount P 12,000.00 as P 2,000.00 as the allowance for any incidental expenditures they would incur.
I would not give all my salary or big portion of my salary to them, because they too expect us to have savings in the future. Let them know that you value your hard-earned money and speak to your wife passionately. It is not auditing your money where it goes but by valuing the same on your family expenses.
Especially this time of recession, it is best that we should find ways to eliminate extravagant and unnecessary expenses, prioritize basic necessities only.
I think that your wife is just being emotional and you must understand her as you want to feel that she understand you too.
Goodluck and may God bless you and your family.