To question number 1, my answer is YES, but with conditions.
1. He must ensure the wife understands what financial management for homes is all about.
2. Proper financial budget should be prepared and followed strictly.
3. Allowances should be created for each individual to cater for miscellaneous expenses that doesn't really warrant deliberations. It is important that each of the spouse have some freedom to spend some amount of money monthly or weekly without scrutiny.
To question number 2, my answer is YES. If
the wife is a better financial manager
, she should handle the management of the fund while the man act as the CEO