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.
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?
Posted by: Lisa | Sep 18, 2021 12:13:23 PM
This study confirms what I have found to be true anecdotally with my peer group. I make more than my husband but he's the responsible saver and bill payer whereas I have some credit issues. Though, I do enjoy life much more than he does with all his worrying about our future finances.
Posted by: carrie | Sep 18, 2021 1:13:09 PM
Although my husband makes more money than I do (I'm home with the kids most of the time) I am the one that pays bills and manages the money in our house. I average out what the bills are throughout the year and pay equal amounts each payday. Bonus of this; the pay before Christmas there is no bills to pay so we use that for gifts instead of our credit cards. Very rarely are any bills paid late or not in full, and only if there was a crunch. I dont worry about our finances because I know that everything is paid, whereas my husband worries for no real reason.
Posted by: Don | Sep 18, 2021 4:13:04 PM
I must be stuck in a time warp. I have never had a wife or partner contribute any more than 10% to the family income. I would be happy if I could get 30% of the housework done!
Posted by: Mike | Sep 18, 2021 4:26:56 PM
Lisa's husband needs to dump that woman so he can actually enjoy some of his money instead of having to cover for her.
Posted by: Danielle | Sep 18, 2021 5:47:04 PM
My other half and I plit the cost for living 50/50, that inlcudes the kids bills and the price for 2 new cars. I pay half out of my account and he pays the other. Everything is on time.
Posted by: Carol | Sep 19, 2021 11:25:21 AM
For years we have split the bills are split 50/50. The past 3 years I have been the major breadwinner. If I didn't sit down and pay the main bills or get them set up for automatic withdrawl, they all would be late.
Who says men are better at paying bills. I know lots of stay at home wives who pay the bills for their husbands. So even though the men might be making the money, they may not be the ones actually paying the bills!
Posted by: Jonathon | Sep 19, 2021 2:35:41 PM
Believe or not but my wife is actually more frugal than I am. I'm really good with investments and such, and she's good with coupons and finding bargains. She thought we could learn some strategies at http://www.chimpout.com/forum but I dont' know. Maybe someone else could get some use out of it.
Posted by: John Steed | Sep 20, 2021 8:05:48 AM
I always pay my bills (including credit cards) on time. Many, many years ago, when I used to pay my bills at the bank and postdate them, my bank failed to pay a bill on time. After this happened twice in a row, and forcing the teller to pay the late fee, I switche to net banking. I only trust myself to pay the bills on time.
Posted by: Audrey | Sep 24, 2021 8:17:19 PM
This is an interesting article.... Men pride themselves in being able to provide for their familty and paying their bills on time would be part of that category.... I'm trying to give my husband the respect he needs for his desire to provide for our family, although he sucks at finances and I make more money than him in my first job, never mind the additional income through my second job...
The problem I have had with my husband is that my wanting to make payments on time and staying on budget (and making more money than him for that matter) hurts his sense of pride for being able to provide for the family. Therefore, I feel as though my efforts are jeopardized by his sense of inferiority. But I didn't marry him for him to pay the bills, i married him for his commitment to life and his extreme compassion...