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Who is Better at Money Management, Men or Women?

September 8, 2009 | My Ramblings | 5 Comments

Who do you think is better at money management, men or women?  According to Financial Finesse, a financial education company, in the first quarter of this year more than twice as many women as men called to a financial helpline regarding strategies to reduce debt.

Financial Finesse conducted a survey of over 3,000 responses to an online financial planning questionnaire and found the following:

television-internet-mobile-usage

From the data is does appear that men are better at money management.  However, from the survey maybe women are more open to reporting their flaws as opposed to men who hide their flaws.

What do you think?  Please leave your responses below.

 

 

 

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5 Comments to “Who is Better at Money Management, Men or Women?”

  1. Derrick
    11:26 am on September 8th, 2009

    No doubt men are better at money. Most women I know are horrible at handling their money! They make financial decisions based on their emotions. Men are more practical and are more likely to make financial decisions based on logic.

  2. Chili
    1:41 pm on September 8th, 2009

    Honestly, it depends on the person. Derrick, although women may make BUYING decisions based on emotions, that doesn’t necessarily mean they don’t manage their money properly. Although I know couples that have the man manage the money, I know plenty of couples that have the woman do so.

  3. Patrick
    1:53 pm on September 8th, 2009

    On average I’d say based on my experience with friends and family, women do a lot more shopping than men, thus wasting money. I’m no saying all women are like this, but on average more women are like this than men.
    .-= Patrick´s last blog ..Video Consumption Continues to Rise on TV, Internet and Mobile =-.

  4. Gem
    4:01 pm on September 8th, 2009

    Women may spend more frequently, but on smaller items. Men go for the big ticket items, so while they may spend less frequenly less frequently, they spend more.

    As for investments, women are by nature more cautious. Men tend to riskier investments and in the end have bigger losses.

  5. Pearl Ayres
    10:58 am on April 22nd, 2016

    Thought-provoking discussion . I was enlightened by the info – Does anyone know if my assistant could get access to a fillable a form copy to work with ?

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