Here’s Why Women Are Better at Money Management Than Men

6. Wage Gaps Play A Roll

Whether you agree with me or not, the gender wage gap is a very real issue. A women who has the same qualifications and experience as her male counterpart is very likely to be offered a lower salary than him. And in most places around the world, employers still tend to prefer a male candidate over a female one. This also means that they feel like they’ve got to be careful about how much they spend, especially in the case that they may out of a job soon.

7. Saving for a Bigger Splash

It may be biological or it may be social, but women tend to prefer a delayed gratification. A man is more likely to make impulse purchases and seek instant gratification. In simple terms: man want, man buy. A women will put off getting something she wants, either because she feels like she can get something better by waiting, or because she wants to save that money. This makes them better at sticking to long-term financial goals.

8. Traditional Gender Roles

As we mentioned briefly, traditional gender roles dictate that a woman is responsible for her family, and this includes managing the finances so that everyone and everything is taken care of. A man earns the money and the women is expected to build a life around whatever money he gives her. Modern family dynamics are changing but this is one thing that seems to be still the same, and one thing women can actually be glad of is that this makes them better at money management.