Men 'more likely to use credit cards for impulse purchases'

Couples fighting for control of credit cards may want to consider handing over their plastic to the female members of the family, as recent research suggests they are less prone to impulse buys.

According to a study by RMIT University, men are inclined to purchase goods such as food, beer and DVDs on the spur of the moment, reports the Herald Sun.

However, while women were found to have a weakness for clothes, magazines, wine, books, shoes and toiletries, they were still more controlled in their spending habits.

Con Stavros, marketing expert at the educational establishment, explained that ladies are more likely to write shopping lists.

This, he suggested, reduces the risk that shoppers will succumb to the temptation to make spontaneous buys with their credit cards or other forms of payment.

Figures published earlier this month by the National Centre for Social and Economic Modelling, which were released to the same publication, showed the average family in Australia is $23 a month better off than they were five years ago.

Have a question about credit cards? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800547609-ADNFCR