Men manage family money matters better than women: Survey

LONDON: Women may control the purse strings in most households, however, they find it more difficult sticking to the family budget than men, a new UK survey has claimed.

Fifty-one per cent women said they maintained complete control over household finances compared with only 36% of men. However, 58% of men claimed to be confident about their ability to spend within planned limits, as opposed to 56% of women, the 'Daily Mail' reported.

A third of adults do not plan to set a regular budget next year to help them cover outgoings such as rent, mortgage payments, food and travel . And a fifth of these would use buffers such as credit cards and overdrafts to help them if they spend more than they can afford, according to the survey of more than 2,000 households conducted by the Money Advice Service. The Scots are most likely to budget their family finances carefully , with seven in 10 of those north of the border keeping a close eye on their spending, the survey found.

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