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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...

James HaversJames Havers

James is the senior editor of MSN Money living in Toronto. He has worked for the Nikkei Shimbun (Tokyo),,, Canadian Business and other publications. Havers turned to journalism after teaching overseas.

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...