I was reading an article about personal finance regarding which sex is better at managing the finances. The article mentioned that women are better at personal finance because we are more organized and pay more attention to detail. Although in many households, men are the bread winner, the husbands leave the budgeting and bill paying to the wife. Additionally, women are good at multitasking and are planners. We have the unique capability to take care of our households and take on additional responsibilities.
Although the survey found that women are better at financial management of the household, I do believe that budgeting and managing the household finances is a family affair. As I mentioned in last month’s blog. As equal members of the household, both spouses have a responsibility to understand and manage the family finances. This can be achieved through continuous communication. Additionally, both spouses should participate in the bill paying process and share in the responsibility of creating a budget.
With that in mind, who do you think is better at personal finances?
References: _____________________________________________________________________
fa.smithbarney.com/facilityfiles/sb004180_4489ff18-423d-e4e0-459e90b4f488f4b4.pdf
thefinancialbrand.com/2009/07/23/research-on-men-women-and-money/