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Posted: Fri Mar 02, 2007 12:46 am

I had a small fight with my fiancée. She told me that women do better budgeting than men! I did not agree with her. What do you say?

Posted: Fri Mar 02, 2007 1:45 am

She is right stan, girls are good in budgeting Laughing

Posted: Fri Mar 02, 2007 4:50 am

Sorry to disappoint you Stan, but most women are by far better at budgeting. Sometimes it seems like we pull money out of a hat.

Posted: Fri Mar 02, 2007 5:11 am

Neither. Both can be equally adept at thrift and deficit spending.

Posted: Fri Mar 02, 2007 5:45 am

I must agree with the ladies on this one. Yet I will add to it. The right woman can pull money out of thin air. The wrong one can ruin both of you. My lady was a single mom when I met her so she knew a lot more than me on saving money.

Posted: Fri Mar 02, 2007 6:00 am

I have to say it can go either way. I've made some major money mistakes myself, but I've also done very well at budgeting on a very small amount of money. The only experience I've had with a man's budgeting expertise shows the same thing - some can be very good at it, some can be absolute cheapskates in an effort not to overspend, and then some will spend like there's no tomorrow, and then wonder why the bills can't be paid.

Six of one, half dozen of the other, in my opinion.

Posted: Fri Mar 02, 2007 7:24 am

I don't think there is a gender bias in this regard. The ability to budget is a learned skill, not a genetically acquired one.

Posted: Fri Mar 02, 2007 9:41 am

Anyone can be exemplary in budgeting their finance. It doesn't matter if it's a man or a woman.

Allow your fiancee to spend your money for a couple of months. Tell her that you won't be asking anything how she spent the money. It's all hers. Two things can happen from there. Either she will still manage with her budgeting skills and treat your money as her own. Or, she will put a big hole in your pocket. On that day, either you learn something from her or you teach if she goes the other way. Real experience and the current situation matters the most. In hard times, people won't have spent much on plastic money if they had some other alternatives in their disposal. The art of budgeting can be done by anyone and at anytime.

Posted: Fri Mar 02, 2007 10:11 am

http://www.debtconsolidationcare.com/settlement/about20534.html

Posted: Fri Mar 02, 2007 5:41 pm

Stan,

I would have to say, too, that gender doesn't play a big factor into it. When I was making less money, a friend of mine told me I could "stretch it and bend it until it was ready to snap, but it never did." I've become a little reckless since I have a little more to spend, however. My son is excellent at budgeting, but then my daughter is, too. My ex-sister-in-law, on the other hand, would go out and blow a whole paycheck (which my ex-husband could do, as well). This leads me to believe that a lot of may be related to how your parents budgeted (maybe in the genes?).

Posted: Sat Mar 03, 2007 4:05 pm

I tend to agree with Jedi, though I have noticed, that when my wife and I both work actively on the budget and finances, we have more problems. If I do the finances, I'm all to willing to spend everything to get things under control, thus leaving us without such things as food, gas, etc.

When she does the finances, issues get dealt with, albeit over a longer period of time, but there is also food in the house and gas in the cars.

I think its more of a left brain right brain thing than a male - female thing.

Posted: Mon Mar 05, 2007 3:57 pm

I agree a lot with LCW. For a long time, my husband and I were both bad at money. Believe me, I put my family through some real financial difficulties when I was hiding my payday loan mess. Money was a touchy subject and we didn't like to discuss it. Well, we are paying for those mistaks to this day. I think now I am a little bit better at budgeting than my husband. For one thing, I make less impulse purchases and I know where my money goes. I'm making my husband write down all his expenses for the next couple of weeks so he knows where his money is going. I must commend him on one thing though, he is a lot better about using his debit card than he used to be. He's more willing to talk money matters with me without being so defensive.

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