Peter is very clear here.
As husbands we are to:
1. Be considerate as we live with our wife - Do you put up roadblocks to her happiness and to her success? Being considerate is thinking about how to make her life better and easier. Being considerate is acting upon those thoughts. Consideration is asking, "can I do something for you?" and "is there something you need done?" Consideration is trying to anticipate her needs and doing them before she asks.
2. Treat our wife with respect - Being respectful is treating her like she is the most important person in the world. Having the niceties that a gentleman displays: Saying please, thank you, excuse me, etc. To respect her is to honor her. Do you dishonor her with your actions? Do you take her for granted? Do you tell your children how wonderful she is and that they need to respect her like you do? Are you brave enough to challenge your children to treat her like you do?
3. Remember that she is an heir of the gracious gift of life - Most importantly, she is a child of God. The Maker of the Universe, the Creator, has made her uniquely to serve His purposes. Do you treat her like a Christian sister? Do you encourage her spiritual growth? Do you encourage her to spend time with other godly women? Do you offer to take care of your children so that she can have some alone time with God?
"Christian husbands and wives share a common experience of grace and a common destiny of salvation. A husband must honor his wife since she, as much as he, has access to God's grace in Christ. In addition, since husbands and wives are partners together in grace, a husband's relationship with God will be affected for good or ill by his relationship with his wife. When husbands treat their wives with consideration and honor, they are true to the nature of grace. They are acting as God's people, and thus their relationship with God may be deepened through prayer."
Peter is very clear here:
If you don't honor your wife, your prayers will be hindered