Bhg
  • Shop
  • News
  • Food
  • DIY
  • Garden
  • Renovating
  • Decorating
  • Health
  • TV
  • Hard to Find
Bhg
  • Shop
  • News
  • Food
  • DIY
  • Garden
  • Renovating
  • Decorating
  • Health
  • TV
  • Hard to Find
Subscribe
  1. Home
  2. Finance

Research finds women manage money better than men

A study worth reading about. - by Laura Barry
  • 12 Mar 2019
Research finds women manage money better than men

Men may earn more than women and retire with more money in their super fund than women, but it turns out women have become very adept at handling their finances, despite not being entirely comfortable doing so.

New research conducted by CoreData for Fidelity International has discovered that 42 per cent of women worry about money at least one per day or once per week.

The data also found that women tend to focus on goals rather than personal financial gain when it comes to managing their money, such as having enough money to provide for their family, being able to pay off their mortgage and having enough money to live the lifestyle they want well into retirement.

australian money
Getty

However, ASIC’s MoneySmart reports that 55 per cent of women under 35 find dealing with money stressful and overwhelming, and that 85 per cent of women under 35 don’t understand fundamental investment concepts.

However, in spite of all that, it turns out women are better at managing their money than men.

Data and analytics business Illion has just released their Credit Card Nation report, and it revealed that men are bigger spenders than women and worse at paying back their debt.

The report found that 56 per cent of all credit cards in Australia belong to men, and that those credit card accounts are more likely to be behind in their payments.

purse full of australian money
Getty

The chief executive officer of Illion, Sam Bligh, told News.com.au that men usually rack up bigger purchases and that men are risk takers that tend to spend big on electronics and other large expenditure items.

The Fidelity International research revealed that women do not feel confident investing their money, and generally aren’t risk takers. While that may put them at a disadvantage when it comes to investing, it turns out that an aversion to risk has made women better at managing their finances in general.

You might also like:

5 ways women can take charge of their financial future

How to take control of your finances in 3 simple steps 

Personal finance tips for young people

  • Finance
  • Better Life
Laura Barry
Laura Barry
Laura Barry is a writer, bookworm and interior design enthusiast with a love for reporting on all things homes, travel and lifestyle. When not tapping away at her keyboard, Laura can be found making endless cups of tea or perusing the shelves of Sydney’s many bookstores.

Treat yourself to a subscription-Save up to 25%

Plus, your chance to win

Subscribe Now
Treat yourself to a subscription

Treat yourself to a subscription-Save up to 25%

Plus, your chance to win

Subscribe Now
Treat yourself to a subscription

Recommended to you

YOU’LL NEED A WEDGE TO HANG THAT DOOR
Watch 6:32

YOU’LL NEED A WEDGE TO HANG THAT DOOR

{headline}

{headline}

Six rules that will change your relationship with money

Six rules that will change your relationship with money

5 legal ways to reduce your capital gains tax on investment property

5 legal ways to reduce your capital gains tax on investment property

Five important financial decisions to make this January

Five important financial decisions to make this January

7 ways to slash your bills in the New Year

7 ways to slash your bills in the New Year

{headline}

{headline}

6 Christmas budgeting tips to keep your credit card in check this year

6 Christmas budgeting tips to keep your credit card in check this year

4 financial spring cleaning tips to complete before December

4 financial spring cleaning tips to complete before December

How to afford a holiday by making these simple lifestyle swaps

How to afford a holiday by making these simple lifestyle swaps

{headline}

{headline}

6 signs your finances are in bad shape

6 signs your finances are in bad shape

The top 5 financial mistakes Australians make with their money

The top 5 financial mistakes Australians make with their money

This is when you’ll get that $1080 tax refund

This is when you’ll get that $1080 tax refund

5 ways you can manage the household budget better

5 ways you can manage the household budget better

This is how much money you need to retire

This is how much money you need to retire

This is exactly how much cash you should fork out for a wedding gift

This is exactly how much cash you should fork out for a wedding gift

The ‘no buy’ challenge that could save you hundreds quickly

The ‘no buy’ challenge that could save you hundreds quickly

Bhg
  • About Us
  • Subscribe Today
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
Bhg Magazine Subscribe
  • About Us
  • Subscribe Today
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

Brands

  • All Recipes
  • BHG Shop
  • Girlfriend
  • Home Beautiful
  • New Idea
  • New Idea Food
  • Practical Parenting

Our Network

  • marie claire
  • Beauty Crew
  • Who
  • Women's Weekly Food
  • Bounty Parents
  • That’s Life
  • Perth Now
  • The West Australian
  • 7Plus
  • 7mate
  • 7NEWS
  • 7Sport
  • Sunrise
  • Starts at 60
  • Hard to Find
© 2022 Are Media PTY LTD
All products are independently selected, tested or recommended by our team of experts.If you buy something, we may earn an affiliate commission.
Get more from Better Homes and Gardens

Magazine Subscription Offer

Treat yourself to a subscription-Save up to 25%

Shop This Offer
Treat yourself to a subscription