Bat­tle of the fi­nan­cial sexes

Kent Messenger Maidstone - West Kent Property - - BEAUTIFULHOMES -

Women are more likely than men to ad­mit to splash­ing out on items they can’t re­ally af­ford, ac­cord­ing to a sur­vey.

One in five (21%) women ad­mit­ted to this, com­pared with one in six (15%) men, Hal­i­fax found.

How­ever, women gen­er­ally con­sider them­selves more or­gan­ised than men when it comes to their fi­nances, the sur­vey of more than 2,000 peo­ple found.

Fewer women feel bet­ter-off than they did this time last year when com­pared to men. More women are wor­ried about their abil­ity to pay their rent/mort­gage or hav­ing enough in­come to cover liv­ing costs and pay debts.

There is also a sig­nif­i­cant dif­fer­ence in how men and women feel about their fi­nan­cial fu­tures, with half of women (50%) feel­ing wor­ried about their abil­ity to save for the fu­ture, com­pared to just over a third (37%) of men.

More men (28%) think their house­holds’ fi­nan­cial sit­u­a­tion will get bet­ter in the next year than women (23%).

The sur­vey found an in­creas­ing num­ber of con­sumers be­lieve their house­hold is cop­ing well fi­nan­cially and found peo­ple in their 40s have shown the great­est im­prove­ment in fi­nan­cial con­fi­dence.

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