Pulse.ng logo

Pulse Opinion Poll Who manages money better; men or women?

Are men more likely to mismanage joint funds in a marriage, or is it something women are more guilty of?

  • Published:
Money matters in love... so much play Are our finances compatible? (Minority Fortune)

When any discussion is brought up about funds and how to manage them in a household, certain generalizations quickly rush to mind.

It is common to hear people express the belief that women are more sensible money managers than men and there actually seems to be a valid reason to this.

According to an article published on Financial Times in 2013, “the idea that women and men manage money differently does find widespread credence, and the difference most commonly cited is attitude to risk.”

In other words, the major reason why women appear to be better fund managers is because they take lesser risks than men.

play Do women spend family funds wisely than men (Moneysmart Blog)

Whereas men would bravely pour in money into a venture with the hope of reaping great returns [even though the risks are high], women would focus more on the things that could go wrong, and opt out.

ALSO READ: The 5 financial talks to have with bae before marriage

But really, does that necessarily make women better money managers than men in marriages?

This question is actually better answered on a personal level.

In some relationships, the woman could be the one who can’t stop herself from spending crazy amounts on showy, unneeded things [expensive fabrics, gold jewelry, expensive outfits, etc] whereas the man is the cool-headed one with money.

play Money and love... always closely intertwined (TIA)

And in other marriages, the man would be the  one spending lavishly while the woman keeps a tight rein on the way money leaves the family’s safe.

So, while the general belief might remain that women are wiser with money than men, every relationship should still be judged on what happens in it instead of basing judgements on a bandwagon mentality.

Who manages money better in your relationship/marriage?»

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.