Women as compared to men are steadier and don’t ‘churn’ money, whether, they share familial responsibility or prefer to stay single, they walk economically. Hence they are able to retain enough money.
Study carried out by Engage Mutual Assurance in UK advocates about the efficiency of women in handling money matters. Their study asserts that nearly 70% of the native women are in a position to work in a prearranged budget, while ratio for men is 68% for the same matter. Furthermore, 67% of women are able to maintain a healthy savings plan as Karl Elliott, marketing director at Engage Mutual Assurance, said,
The good news from these results is that many Britons actually find saving as part of their day-to-day lives relatively easy. When you compare saving for the future to other common lifestyle challenges, you realise that getting into the habit of saving can be easier than changing your diet for example.
The research has been supported by a similar study led by Alliance & Leicester, they have postulated that the consumers in Britain, have put aside nearly £820 million in savings accounts.
This is nothing than a sheer fact; women are much more resourceful, whether its about handling home affairs or financial matters, they can manage either of them competently, as Nicola Horlick did.
An article in International Herald Tribune too wraps up the same findings. It says that testosterone-fueled behavior in men makes them overconfident that directs them to take risks that don’t pay off in the long term.
Men have been in charge of the money for long enough, now it’s time to give the women a chance!
