Men, Women and Money

by Krantcents · 8 comments

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Money, what is it?  Would it surprise you to learn men and women view money differently?  The standard definition for money is any object or record, that is generally accepted as payment for goods and services and repayment of debts in a given country or socioeconomic context.  Men and women spend and invest money differently!  Why?

Whether you are a man or woman, many people have problems with money.  Do you think the problems are gender specific?  Money problems have destroyed many marriages.  Women spend money on things that enhance day-to-day living.  Men invest in things that hold value.  The difference is in orientation, women spend now versus men who spend for the future.  Before you skewer me for labeling your spending realize everyone can do better.  There are huge industries that market directly to women to spend their money on clothes, beauty products, etc to just look more attractive.  Men spend on things that hold value or fix things.

Men and women treat credit differently too! Men and women carry the same amount of consumer debt, but accumulate it for different reasons.  When men are dating, they want to show their mate that they can impress them with money.  Men save less, and spend more than they earn to impress a mate using credit.  Women spend to attract men by buying attractive clothes, beauty products and services.  Is it really this black and white?  Of course not, there are shades of gray too.

Many of the differences are subtle!  Women save money for the unforeseen emergency and men save for the future by investing.  Women are more cautious when they invest, men take investment risks.  Women generally earn less than men, so they are dependent upon men financially.  Women are more concerned with their families’ immediate needs and maintaining a particular lifestyle.  Men see their role as a provider and focus on providing for the future.

Men and women think differently when looking for a mate.  Men, particularly rich men go for beauty.  Beautiful women generally look for security which usually means wealth.  Women are less concerned about looks.  How does money enter into this?  Men, rich or poor will always go for looks.  Rich men are more successful because women want the security money provides them.  Do men look for rich successful women as mates?  I am sure some do.  It helps if they offer something to the woman such as looks or is younger.  Is this the cougar effect?

When an older man marries a younger beautiful woman, we call him rich!  In spite of these differences, we find our mates and marry.  Although 50% of all marriages end in divorce, an equal amount succeeds.  Men and women need to understand these differences and work together to take care the present and the future.  Women live longer than men!  Since couples fight about money more than anything else, it is important to understand each other.  Financial security should be important to men and women.  How do you handle your finances?

Photo by:  [griff] [griff] ‘n [chuck]

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retirebyforty April 29, 2011 at 10:43 am

I got married in my early 20s and it has been more good than bad. If I was single now I would definitely look for a more well off woman. :)
Your take on how man and woman look at finance differently is pretty cliche, but some of it is really true. I think women tend to spend more on beauty products and clothes because there is so much pressure.

MoneyCone April 29, 2011 at 7:01 pm

I read somewhere that women actually do well as investors! I wonder how true that is and why!

Very interesting post KC!

krantcents April 29, 2011 at 9:54 pm

Vanguard says women are more likely to join a 401K than men. Women save just a little more than men. Women tend to trade less than men. More men sold off in the down turn. Women tend to get more financial advice than men.Finally, women have less money to invest. Depending on the factors women may do better.

krantcents April 29, 2011 at 9:50 pm

It may be cliche however it reflects that women tend to concentrate on the present versus longer term. In generalizations, there are shades of gray in any group. Not all men think long term either.

Youngandthrifty April 30, 2011 at 8:15 pm

Actually, I read the same thing too- apparently Women are better at investing because we tend to have “less ego”. That is, if a stock is failing, they are able to get out and think more methodically instead of with emotion.

krantcents April 30, 2011 at 8:26 pm

That may be rue however I did not find anything that specifically supports that theory. I did find women will ask for advice more than men. My point is men and women look at money differently.

Jackie May 1, 2011 at 12:28 am

My husband and I do see money differently. He tends to see the short term spending of money where as I try to think ahead and try to save. We have found open communication and working together on the budget and spending keeps us from arguing about money.

krantcents May 1, 2011 at 1:59 am

Just think if you were the same! Being different is good, but agreement is better. Thanks for stopping by.

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