Women are better at finances
London ,WOMEN ARE better at handling family finances than men, a survey in Britain has revealed.
An average man in the UK has £2,176 of debt on credit card whereas an average British woman has only £1,987 debt on her credit card. British men seem to be more liable to take loans compared to women:
Only 49 per cent women in Britain have taken out a loan at some point in their lives whereas 57 per cent men have borrowed money. Worse still, twice as many men as women admit that they miss loan or credit card repayments “all the time.” Twice as many men as women forget “all the time” to pay the household bills promptly, according to a survey of 3,000 British adults by a money management website.
“For years, women have been thought of as the big spenders, splashing their cash on clothes and shoes,” a spokesman for www.lovemoney.com said. “But it seems men are gaining their own reputation when it comes to managing their finances while women are learning how to handle their money.” Men spend more money on purchasing electronic gadgets, but most do not have enough cash to cover the cost.
An average man in the UK has £2,176 of debt on credit card whereas an average British woman has only £1,987 debt on her credit card. British men seem to be more liable to take loans compared to women:
Only 49 per cent women in Britain have taken out a loan at some point in their lives whereas 57 per cent men have borrowed money. Worse still, twice as many men as women admit that they miss loan or credit card repayments “all the time.” Twice as many men as women forget “all the time” to pay the household bills promptly, according to a survey of 3,000 British adults by a money management website.
“For years, women have been thought of as the big spenders, splashing their cash on clothes and shoes,” a spokesman for www.lovemoney.com said. “But it seems men are gaining their own reputation when it comes to managing their finances while women are learning how to handle their money.” Men spend more money on purchasing electronic gadgets, but most do not have enough cash to cover the cost.
AGE CORRESPONDENT
