Women 'better than men' at managing finances

Women tend to be more adept at budgeting than their male counterparts, it has been claimed.

Jasmine Birtles, founder of Moneymagpie.com, said female professionals tend to be better at controlling income and expenditure as they are used to managing the family home.

"I think it's because women are mothers and they tend to be the homemakers," she commented.

"Because they are on the ground, if you like; on the whole they are the ones dealing with day-to-day purchases, the supermarket shopping, shopping for the children, things for the home - they know that these things need to be dealt with."

Ms Birtles was commenting after research by Lovemoney found that women are better at keeping track of their finances in general.

The study found that more men forget to pay bills than women, with a quarter admitting to regularly paying their credit card bills late or not at all, compared to only 17 per cent of women.

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2010-03-15 13:54:45 © Moneyextra.com