Thanks for voting!We have some shocking news. Wait for it. OK, men and women are wired differently. Aside from the obvious differences, men and women save and spend differently, too. In a recent survey, we found that women are 25% more likely than men to be concerned about retirement savings. So, does that mean women are better savers, or just bigger worriers? Frugal Dad describes the ways that he and his wife financially complement each other, and what knowledge he’s gained from her spending and saving habits.
Let’s talk relationships. Of course, we know one of you spends money on items that the other may deem ridiculous. Handbags, shoes, and clothing may be at the top of that shopping list. If only she could keep it to window shopping. Then again, the other half in the relationship seems to have a wandering eye for that new roto-tiller, video game system and manly BBQ set. Something (or someone) has got to give, right?
As you probably know after years of compromise with your partner, a saver and a spender can coexist – happily even. What’s your debt is his debt and vice versa? So we’re wondering, do you think your chromosomes determine what kind of saver or spender you are?
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This post is so true. Biggest thing is to keep the lines of communication open and know upfront how the other feels about managing money. However, important that you both get to splurge every once in a while on something that is important to you or that you enjoy.
Almost seems like a nature vs nurture debate here. I’d say nurture wins this round. I’m a little bias I admit. When I was young, my father taught me the dicipline to save real well.
I am totally with frugal dad. Men and women are wired different and when it comes to money thats takes totally different turn. It funny when he talked about men saving water taking 2 min showers but put water sprinkers twice aday for half hour. I know how many of us laugh at it. THats true.
In my case, I am frugal and saver and my wife is spender not really shopoholic but just want to spend to eat out and go out. So we learn each other and balance out. She learnt on how to save on groceries when I learnt how to go out once a month to eat out. So its working out pretty well.
But is not just about gender, it is also about the family environment. As the previous comment said, nature vs nuture. If you are brought up with saving mentality, you tend to stick to that way. So I won’t totally complain everything on the thing. It is also how you are brought up. So I am trying to be careful in my parenting skills to implant good things to my son. Also security gland vs stubborn gland he mentioned, does hold true in my case. I like to take risk and put many on investing whereas she like to keep safe money on emergency funds. I like to learn to avoid “See I told you” scenorio and use her instinct to make a proper decision to work for us.
Relationship is tricky and when it comes to money it does make things little tough. So play it wise.