Women 'control day-to-day household expenses'

Tuesday 22 March 2011

Article by Mozo

A recent study has revealed that 70 per cent of women think they control the family budget in their household, news that might tempt more people to go online to compare savings accounts.

Women 'control family budgets'

The study by Viewpoint revealed that men tended to show greater levels of optimism, with nearly twice as many saying they thought the economy was strong.

Males were also revealed to have greater confidence in their ability to meet a sudden $5,000 bill within a week.

"Women bear much of the responsibility for household money management, giving them day-by-day awareness of the household economy," the report observed.

Ladies who are concerned about the ability of their household to pay unexpected debts might consider opening a savings account so they have better financial stability.

Earlier this year, Club Financial Services general manager Andrew Clouston told News Limited that young Aussies should compare savings accounts and be financially responsible so they can afford things like cars and homes later in life.

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