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Home » Reader question » How honest are you with your Thai partner about your finances?
Dear readers,
Many farangs have a better income (salary or AOW and pension) than their Thai partner. But how open are you about that to her?
Do you tell exactly what you earn, what you have in the bank. How much you have saved? Or do you keep some of that to yourself, to avoid misunderstandings or expectations?
I'm curious how others deal with this. Is full disclosure wise or naive?
Regards,
Ronald
Editors: Do you have a question for the readers of Thailandblog? Use it contact form..
Dear,
I am completely open, I am 53 myself and my wife is 46. Together we have 2 children aged 9 and 11. We have been living in Thailand for 3 years and are married in community of property. In fact, we have put rice land and savings account in her name. Trust her 100 percent.
My wife knows approximately what my monthly income is.
This of course fluctuates due to the exchange rate.
She is also aware of what to do in the event of my death.
In the safe at home there is an envelope that she can open.
This contains all instructions as well as pin codes, passwords, etc.
This is to access my Thai bank account.
My sister is authorized on my NL bank account. So contact her
to arrange that.
Also instructions on how to contact my pension fund that pays my benefit (UGM),
and later pay out my pension.
Further put on paper what else needs to be done.
I have to admit that I wasn't open about it the first few years and she had no idea whether or not
had not hooked a “rich farang”.
I made myself seem less wealthy and just said it was enough for a normal life.
I am 56 and have been living in Thailand since November 2023 (I emigrated in October 2024).
So we are legally married in both countries and live happily in Isaan.
As soon as the Dutch or Thai bank knows that you have passed away, the account in your name will be blocked and the authorization will expire. This also applies if the account is in 2 names.
The bank then waits for a legally valid declaration of inheritance before giving those named as heirs access to the account again.
At ING the 'and/or account' is NOT blocked upon notification of death. Just google "death and/or account ING upon death" and it is explained in detail there.
Thanks Raymond, we also have an and/or ING account.
Jan
Dear Ronald, good but also difficult question to which you will get different answers, but here is my sincere answer!!!!
I am a Belgian, almost 74 years old, and I am legally married to a very good Thai woman.
I have worked in construction all my life, have no home or car and actually no savings, and have no children, so why shouldn't I be able to enjoy my retirement?
But as for the subject, my wife has nothing to lack here in Belgium and in Thailand she has her own very nice house and land, I rent an app. !!
Traditional use ,, I send 300 € every month to her account in Thailand and my wife divides that among her immediate family OK, and that she gives her mother and daughter something OK for me ,,,,, But what business do I have with her sisters and brother etc.?? They usually still have property, a car and several mopeds and smartphones.
What many of us do not understand or do not want to understand is that as a Farang or whatever they call it you are in third place !!!!! At number 1 and that is automatically shared with number 2 ,, Money and Family , at number 3 is the Farang with usually the golden eggs.
I hope this is helpful to everyone who reads this
Grtj. Bo
How open you are about it doesn't really matter. As long as your wallet remains open in function of what is expected of you, there is peace and quiet. If you have little and you are honest about it, people probably won't believe it. According to them, a farang is 'rich' anyway. The opposite is impossible to explain to them. If you have a lot and you are open about it, then more and more is usually asked. In the first and second case and in almost every other scenario, it is never enough anyway. If the wallet closes because you are out of budget or you think it's enough, then you can check how the relationship really is. The rule is often 'No money no honey'. You can never buy love: so I repeat myself in the English/'Thai' variant: 'up to you'. What is absolutely not recommended (for yourself and your Thai partner) is that you would brag about your wealth. Then you are just stretching it out. Nobody will benefit from it in the long run. And life is already so short.
By being open and honest in a relationship, not just money matters, I also mean being open and honest about your boundaries, expectations and wishes. Someone can have a nice amount of money but be saving for whatever, indicate that. Discuss, what do you want, what do you expect from each other (and yourself)? Where to go with the money, how to divide it? How much is there to spend?
A nice amount of income can also be quickly gone by all kinds of costs. So it is useful if your partner has been to Europe at least once to see that there are also many expensive obligations, charges. Enough stories of Thais who are so shocked by the high charges that they put their partner under a kind of guardianship…
And yes, bragging about your wealth, that is very unwise to put it diplomatically. That will, I guess, flatter the ego in the short term "look at me being the man, *show off show off*", the bill for that comes later.
Hello... on your first date you don't tell everything of course. But after some time and a steady relationship it seems important to me to know each other's financial situation so that you understand each other what is financially feasible. If you don't want to reveal everything then let her know what you have per month to live with 2. But also tell her how much it costs per month. So that you know what fits within your standard. Ultimately she should know everything in case you kick the bucket. Good luck.
A woman knows everything, if you ask questions about her then you better not get married...
Hi Ronald,
In principle I am in favor of complete openness regarding finances etc. However (and this is not only in Thailand, but also in the Netherlands) if the partner knows how much comes in each month, and what is in the savings account, the tendency arises to start thinking "plenty of money", so let's spend it.
Well, if you've been married to a Thai for 15 years, and she keeps the family out of your household,
(If she is not sensitive to, or pressured to have you support the family) then you can slowly introduce her to your financial status.
That has to happen sometime in case you die before your Thai wife, right?
Full disclosure must come from both sides, now my experience is that every Thai woman has a pot that her partner knows nothing about, that is not only the one with a foreign partner but also the one with a Thai partner.
I see here that the lady is playing the black lottery without the gentleman knowing and the gentleman is also playing without the lady knowing.
In 46 years in Thailand I have of course met many men with a Thai partner who tell you with conviction that they have full insight into their partner's finances, I can tell you with certainty that they simply don't know.
So now a personal statement, I have full insight into my wife's finances (I don't) and I also have a pot that she knows nothing about, which is a parting gift, so to speak, for when I go down the drain.
We did have a will drawn up so that nothing remains hidden and what is also very important is a death plan translated into Thai with addresses and telephone numbers of all authorities.
If you just met each other, it is obviously not wise to tell everyone everything.
When my wife came to the Netherlands, I went to a notary to arrange a few things.
Everything from before our marriage in the Netherlands was mine and the land and small house in Thailand were hers.
After we got married we had 1 joint account.
We worked hard together and saved a lot to be able to go to Thailand.
Now I have been living with her in Thailand for 22 years.
And we still do everything from joint accounts in both the Netherlands and Thailand.
A very delicate question that is not easy to answer and every situation is different.
If you have been together for many years you should definitely know whether you can trust your (Thai) or not. It is not a question of being wise or naive but of trust. If the trust is assured you should consider a few things for yourself. It is best to have a bank account for each where openness is a must. This way you can follow how she handles her money. You manage your own money and make a "last will" via the notary or lawyer in advance in which you decide if you go first that all the money in your account(s) is intended for her, so she can also pay the necessary costs for what follows and there is no discussion with any other family members. If there are other properties, these should also be determined. An account in both names is not suitable because then you cannot do online editing, because both have to sign each time.
Dear Ronald, dear Thailand bloggers,
Since the first day we met, now about 6 months ago, we have shared our financial situation in all its glory. She has a reasonable pension, not like my Belgian pension. Her pension is 25% of mine but nevertheless I have accepted her not for the money but for her thoughts, her actions, our mutual love for each other, it has come to the point that we are going to get married in the coming months.
In our relationship money is not an issue, we put our pension together, together we have more than 130K per month, she has an apartment and I currently rent a condo with 3 bedrooms, her son regularly comes to sleep with us, she does our laundry as well as that of her son who I have completely taken into my heart, he was only a few months old when her husband passed away. (illness) So he never knew his father but she has always continued to raise her son herself, which is a credit to her. In the meantime he had a relationship but that man also passed away from a rare disease.
Our relationship really started out of nowhere, now it feels like we have known each other for years, we have told each other about our mutual financial situation, I was retired just like her, we can live richly but she, just like me, likes cooking. If we buy something it comes from our joint account, her pension and my pension together. I have accepted her as she is, she me as I am, sometimes we have words together only because of language misunderstandings never about the money. We can easily put 50% of our money in a joint savings bank account. In the autumn we will go to Belgium together, because of my morphology I am obliged to fly business, now that will be together.
She wants to sell her apartment, said that the sales sum was only for her, again the reply NO we live together so we will also put that in the joint savings account.
If you tell each other everything openly and honestly from the beginning, and there is mutual respect for each other, life can be so beautiful Dear Ronald.
Be honest and trust your partner, that you are poor or rich, is accepted by your partner. HONESTY lasts the longest, we hope to stay together for a long time and so in every relationship there are sometimes words, keep communicating and usually it is settled in the bedroom.
Many greetings Ronald,
Andre
I give my girlfriend full insight and openness about my financing.
Because of that she understands better why we can't get married officially, for example, which I would like to do. But then the AOW is immediately cut.
On the other hand, she works very hard, but I don't get full insight into her financing.I
only know that she is well off, takes great care of her mother and gives much to her son in the convent. Now I am at peace with that, because she is a good woman to me.
My wife knows exactly what I have
The reason why my wife has more money than me and I also know all her finances
That's why I'm lucky that I don't have to sponsor her like 90% of the men here
Regardless of where your partner comes from, why wouldn’t you be open and honest about finances? Or other matters? Honesty often lasts the longest. Okay, in a new relationship I wouldn’t be completely open about everything from day one, but you will grow into that once a relationship is serious. I had insight (and access, in case of emergency) into my partner’s bank account and vice versa. Of course, it has to come from both sides. And if you have a really nice fortune, I also assume that you have things like “what to do in case of an inheritance, divorce, etc.” in order.
With us it is largely the same as with RobF. We know from each other what comes in and goes out. She gets a monthly amount from me and also has her own income. She decides for herself whether and what should be sent to the family. She does discuss this with me.
The instructions and information on what to do will also be in the safe after my death.
My wife has the same banking app on her phone as I do and often knows before I know that my state pension or state pension has been transferred...
With us, complete openness to each other. We know exactly what each other is getting. No jars or secrets. I have been married for 28 years now and in the beginning there were sometimes white lies, sometimes with her children. From the beginning I made it clear that I would not accept that from anyone and certainly not from my wife. Where else is the boundary of what you do and do not tell. In our previous relationships, we were both hurt by lies and eventually came to the wisdom that a relationship in which things are withheld or twisted is not a real relationship.
Ultimately, we share responsibility for our income. It is also up to my wife to stay within a budget, or to decide together to consciously not do this once.
We are therefore not averse to speaking to each other if something is not going well or if too much money is being used.
So it's not the case that it's the same everywhere, that all Thais are the same.
I have been married to my Thai wife for 17 years now and consciously choose to keep my financial affairs private.
A few years ago, as an only child, I inherited a considerable sum of money after the death of my father. If my wife knew about this, she would not leave me alone for a moment.
We both live and work in Belgium. She can manage her earnings completely herself. She does contribute to the joint household expenses and taxes. I know approximately how much she earns and that she sends part of her salary to her family every month, which is no problem for me.
In short: we each have our own bank account and manage our own salary. The common costs are shared fairly. This approach has worked well for years.