Financial control freaks?
Despite the social revolution which has seen women contribute to the income of family households, rather than expecting to stay at home as a dutiful housewife, attitudes to budgeting and financial management seem to be stuck in the past.
Three of every five men say that they have complete control of the household purse strings - even though only six per cent of women admit to letting their partner make all the decisions without consultation.
A third of women say that they are the sole financier in their households, but only three per cent of men say that they are happy to leave it to someone else.
Even when it comes to admitting to sharing money-based decisions, three in five women say that all decisions are made equally, but only two in five men say that they consult their partner fully before taking out mortgages, switching utility providers or buying home insurance.
Jaedon Green, head of mortgage development at Halifax, said: "No matter who holds the purse strings, whether it's you, your partner or both, it's important to seek sound financial advice to aid your decision."
March 11th 2008
- Struggling to budget - look to your lunch
- Working overtime evens out in the end
- Government urges pension discussion
- Money worries
- How to avoid being 'financially excluded'
- Inflation 'puts off further rate cuts'
- Insurance 'not just about price'
- Act fast to sort out mortgage problems
- After you're gone
- Phone costs eat into savings