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September 18, 2021

Are men better at paying bills on time?


Men are more likely than women to keep a close eye on their spending and to pay their bills on time, claims Financial Finesse, a California company that provides financial education programs to corporations and municipalities.

Only 51% of women claim they have a handle on their cash flow so they spend less than they make each month compared to 71% of men, Financial Finesse reports.
As for credit card bills, only 36% of women regularly pay off their credit card bills each month vs. 61% of men.
Men beat women on paying bills on time as well, with 90% claiming they pay their bills on time each month, vs. 74% of women.

What Financial Finesse didn’t track unfortunately was who makes what.

The number of families being supported primarily by women has jumped during this recession, which has hit male-dominated industries particularly hard.

Working women now contribute more than a third of the typical family's income. In fact, in more and more households, they're actually the major breadwinner.

As a woman's contribution to her family's income grows, so does her financial involvement, studies suggest, which makes me question whether these numbers paint an accurate picture. 

Tell us: Is there a gender divide in your house when it comes to managing money?

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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

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